Mace creates 500 new jobs as turnover increases 26% to £1.49bn | Como

Mace creates 500 new jobs as turnover increases 26% to £1.49bn

Como’s parent company, Mace, published its 2014 Annual Report and Accounts yeaterday, highlighting a strong and successful year with more than 500 new jobs created, a record turnover of £1.49bn – up 26% on last year – and pre-tax profit up 8% to £35m.

2014 saw the company continue to implement its 2020 business plan, growing in turnover, profit and employee numbers while maintaining a strong focus on delivery for clients and improving safety standards on site, seeing a 25th consecutive year of growth for Mace.

Mace, Como and Macro (Mace’s facilities management provider) continue to deliver strong results, growing in a planned and sustainable way while maintaining a focus on their clients and people.

As a British success story for job creation and exporting high-value skills across the world, Mace’s aim is to be the best company to work for in the industry. These efforts were stepped up in 2014 and saw the business invest further in developing its people through an expanded relationship with Imperial College, London. In addition to the 500 jobs created in 2014, the company recruited 58 graduates and 18 construction trainees – ensuring Mace is well on its way to meeting its ambition of employing 7,200 people by 2020.

In 2014, Como continued to build on its success for both repeat and new clients. Como delivered over £50m of work at 125 London Wall and this included the refurbishment of the building for the landlord to attract new tenants and the delivery of two Cat B projects for tenants Nabarro and Invesco. Further projects included fit outs for Al Jazeera in the Shard, Liberty Specialty Markets in 20 Fenchurch Street, PRS for Music in King's Cross and Streatham, Quintain in Portman Square, AKQA in St John Street and BP in Sunbury.

Mace ended 2014 with a strong pipeline of work, with 72% of 2015 target turnover secured by year end and we’re well on our way to hitting our target for 2015.

Como Business Unit Director, Trevor Bacon, said: “2014 was another great year for Como as we expanded our business and delivered new and complex projects for our clients. Como’s flexible and innovative approach is an integral part of Mace’s full service offering for clients and is contributing to our 2020 ambitions for the business.” 

Mace Executive Chairman, Stephen Pycroft, said: “Despite continued global economic challenges I am pleased to report a robust set of results for the company. Our focus on developing our people and delivering for our clients continued through the year and we see this strategy as central to our future growth. As we celebrate our 25th anniversary in 2015, I am proud of what we have achieved in 2014 and the strong platform we have created for the future.” 

Mace Chief Executive, Mark Reynolds, said: “2014 was another strong and successful year for Mace as we continued to grow in a steady and sustainable way and meet our targets. We strengthened our presence in new sectors such as nuclear and pharma. We are particularly proud of the Mace Foundation’s achievements, which has contributed to over £725,000 in the past two years supporting the communities in which we work. We are well on our way to meeting our 2020 business goals, which will see Mace create another 2,500 jobs worldwide over the next five years. None of this would be possible without the support of our excellent people and our success is a testament to their dedication, entrepreneurialism and hard work.”