Mace revamps fit-out business following profit crash

Grant Prior 5 years ago
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Mace has rebranded its fit-out business and appointed a new director following a “challenging” year which saw turnover cut in half and profits crash to next-to-nothing.

The Como business will now be known as Mace Interiors and will be run by former Overbury commercial manager Stewart Ward who joined in July.

Latest filed accounts for Como reveal revenue slumped to £69m for the year to December 31 2017 from £141m last time as pre-tax profits fell to £23,000 from £3.7m.

Ward has has been tasked with “expanding the Mace Interiors business, building on a strong portfolio of clients and projects to deliver sustainable growth and support the wider Group’s ambitions over the next five years.”

He will report into Ged Simmonds, the Managing Director responsible for Mace’s commercial and fit out construction businesses.

Stewart Ward, Director of Mace Interiors, said: “I’m excited to have been appointed to lead the next chapter of Mace’s journey in the fit-out sector.

“We’ve got a fantastic team in place here, with a huge range of expertise and a portfolio of fantastic clients and projects.

“I’m very proud to have the opportunity to take Mace Interiors from strength to strength over the next five years and beyond.”

Mark Castle, Mace’s Deputy Chief Operating Officer said: “We have delivered some of the most exciting fit-out projects in the UK over the last ten years, and with our new brand and Stewart in charge I’m sure we will continue to build on that fantastic legacy.

“The next twelve months will mark a key phase of growth for Mace Interiors, and I look forward to working with Stewart and the rest of the team to deliver it.”

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