Mace ahead of target growth, achieving £1.77bn in 2015 and a 19% increase in turnover | Como

Mace ahead of target growth, achieving £1.77bn in 2015 and a 19% increase in turnover

Como's parent company, Mace, has today reported its 2015 figures, which sees the company increasing its annual turnover by 19% to £1.77bn with a pre-tax profit of £36.2m.

This is Mace's 25th consecutive year of growth and saw substantial growth of infrastructure business, winning a number of major programmes and helping to secure the long-term future for the business, including National Grid, TfL, Highways England, Dubai Expo 2020. Construction and consultancy also made significant strides forward with key new appointments including the redevelopment of the London School of Economics in the heart of the capital, and Como's appointment to deliver new offices for BSkyB in Leeds.

2015 saw a significant milestone for Como, when it hit £1bn cumulative turnover over its first 12 years of operations while turnover reached £154m. The next phase of the business' growth plans include expansion of its services outside the capital, and last year saw Como take a strategic approach to targeting opportunities outside of London. Como now has a regional presence in Leeds and projects across the country including in Manchester, Bournemouth, Leeds and Birmingham. These projects include prestigious appointments to deliver a new John Lewis store in Leeds and the refurbishment of the Mary Rose museum in Portsmouth.

Last year also saw the Mace Group Board take proactive steps to future-proof the business, investing heavily in people and systems to ensure the resilience of the business and looking to ensure efficiencies to put the company in a strong position for continued growth.

Significant investments significant investments in development programmes for its employees in order to attract and retain the industry's top talent, including extending partnerships with Imperial College London and Cranfield University, as well as with professional bodies such as the Institution of Civil Engineers (ICE) and the Association of Project Managers (APM). 2015 also saw the launch of the Mace Women of the Future programme to support and develop female talent across the business.

The company's strategy to attract, develop and retain talent is working: last year saw a 20% increase in the number of graduates joining the business – a third of whom are women – and Mace created 450 new jobs. With 84% staff engagement and 32% increase in the amount donated to charities via the Mace Foundation rising to over £522,000, 2015 sees another solid year of results for the company.

Como Business Unit Director, Trevor Bacon, said: "This has been another strong year for Como and we exceeded our turnover target by over 25%. We're now in a strong position to expand our project base beyond London, a move which has been welcomed by both existing and new clients. We have continued to build our presence in the London commercial office market and have already secured a number of exciting commissions that reaffirm our strategy to deliver exemplar projects for clients both in London and now across the country."

Mace's Executive Chairman, Stephen Pycroft, said: "2015 saw another strong set of results for Mace and is a testament to the hard work and commitment to our clients shown by everyone in the company. As we celebrated our 25th year, we continued to deliver complex and challenging projects for our clients while continuing to grow the business and develop our people. Our ongoing focus is on delivering sustainable growth and our results put us in a great position for the future."

Mace's Chief Executive, Mark Reynolds, said: "I'm proud of our achievements and that we have been able to deliver a 25th year of growth for Mace in a year which not only saw us celebrate our successes with our staff and clients, but also saw the completion of some of our biggest and most iconic projects, including the completion of the transformation of Birmingham New Street station. We continue to deliver against our 2020 business targets and take steps to build the company's resilience for the future, and I'm confident that we will continue to strengthen our position in the market and maintain our commitment to supporting the communities in which we work." 

08.06.2016