Reporting results for 2013, Mace delivered a group-wide 8% uplift in turnover to £1.18bn, slightly below forecast but boosted pre-tax profits 14% to £32m.
The firm weathered the storm at home maintaining profits at £27.6m on turnover up by 7% to top £1bn for the first time in the UK operation.
Mace’s chief executive Mark Reynolds said: “2013 was a strong and successful year for Mace and we are well on track to meet our £2bn turnover target by 2020.”
Six-year performance
The firm secured work in new target oil and gas, pharmaceutical, renewable energy and transport sectors.
It is now building a base around five key global hubs in London, New York, Dubai/Doha, Johannesburg and Hong Kong.
The new infrastructure and major programmes division, set up to focus Mace’s project management skills, contributed £31m of turnover in its first year.
This included securing a first major project with the UK Highways Agency, as programme integrator for the A14 road between Cambridge and Huntingdon.
Mace also took its first steps in the oil and gas markets by securing a global framework with
Halliburton and Exxon Mobil and an Americas framework with BP.
It also won the job to be programme manager on the GlaxoSmithKline estate across the USA and UK.
Reynolds said: “All of this means that we have a very healthy pipeline and a clear expectation for growth in 2014.
“At the end of 2013 our total secured order book stood at £2bn and 75% of our turnover target for 2014 was already secure.
“We created 400 more jobs, growing by 14% to make us a company of 3,800 employees.”
Consultancy contributed £277m (23%) of turnover and the construction division £904m (77%) of turnover.
Cash balances were £142m at the year end, up from £102m at the end of 2012.
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