Mace builds ‘strong platform for future growth’

Construction consultancy Mace Group, which has offices in Liverpool and Manchester, said revenue increased by 17.2% to £851m in 2010.

Mace said pre-tax profit increased 9% to £21m from £19.2m in 2009. The company said it is on track to reach its target of £1bn turnover in 2012 and to deliver its five-year plan to grow the business' turnover by 50% by 2015.

A total of £773.5m of Mace's turnover in 2010 was generated in the UK, while £44.1m came from its operations in the Middle East and Africa.

Mace said its international operations grew from 49 countries in 2009 to 65 in 2010 and now has more than 3,000 staff.

Mace said it had no debt and cash balances remained at £104.6m at December 2010.

Highlights of the year in the North West included the commission from ITV to move the set of Coronation Street to its new location in Media City UK in Trafford and Salford Quays.

Mace also works with Manchester City Council on housing and new schools.

Stephen Pycroft, chairman and chief executive of Mace, said: "Mace continues to grow and demonstrate our resilience despite the continued challenging market conditions in construction and consultancy. With project wins in 2011 such as the TfL cable car for London, Heart of East Greenwich and for ITV at Media City we have built a strong platform for future growth underpinned by the quality of our employees and creativity of our offer to clients across the property and infrastructure lifecycle."

Throughout last year, Mace's turnover in construction grew from £500m in 2009 to £647m by the end of 2010.

Mace said it is confident that 2011 will be a further growth year for its construction business with predicted turnover in excess of £700m.

Mace added that this growth will come in particular from its commercial office, infrastructure and residential sectors.

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