Mace sees annual growth of 14% in 2016 | Macro

Mace sees annual growth of 14% in 2016

Macro's parent company, Mace published its 2016 annual report in June, showing a 14% increase in turnover to £1.97bn – well ahead of its 2020 growth target – and with international turnover rocketing to £517m.

Over the last four years Mace has seen exceptional growth, created nearly 2,000 new jobs and doubled its turnover. 2016 marks its 26th year of consecutive revenue growth and profitability, and saw a substantial expansion of its international turnover by 148% to £517m.

Macro, the facilities management arm, reported an 8% increase in profits from contracts and entered nine new countries in 2016, including Bahrain, Costa Rica, Czech Republic, Japan, Jersey, Jordan, Oman, Pakistan and Turkey. Headcount in the business grew by 6% to 766 staff.

Macro continued to win large international contracts, most notably with Standard Chartered Bank, providing Integrated Facilities Management, Workplace Services and Project Management across four continents, managing a 4.2 million sq ft portfolio.

The team also won a Partners Across Borders Award in the European FM Awards together with client Citrix, and was Highly Commended as the Overall FM Company, FM Consultancy and Engineering Service of the Year in the Middle East.

The Mace Group overall posted a pre-tax profit of £10.7m, which was below expectations due to a small number of challenging construction projects. Mace's bidding pipeline and opportunities remain strong however, with a £4.5bn pipeline of work at the end of 2016.

Over 2016 the Mace Foundation donated a total of £380,000 to good causes and over 18,440 hours of volunteering was undertaken by Mace and Macro staff – and the company provided £588,000 worth of pro bono work for charities and not-for-profits.

Macro's Managing Director, Ross Abbate, said: "Macro continues to be a market-leading facilities management company, delivering globally for a number of prominent, international brands. We pride ourselves on tailor-making solutions for clients and don't consider any project too small or too big. 2016 saw us cross over borders and entering new markets, and we are proud to have expanded our international team. Macro has a healthy pipeline and we predict considerable growth in the next year."

Mark Reynolds, Mace's Chief Executive, said: "2016 saw Mace maintain its impressive 26 year record of revenue growth and profitability. We are becoming a major international exporter of UK construction and consultancy services, making real contribution to export revenues. Although two challenging projects – out of the more than 1,000 we worked on last year – impacted on our profits for the year, the business continues to grow sustainably and successfully deliver some of the world's most complex and iconic projects and programmes for our clients. We have an enviable pipeline of work to deliver which continues to provide major career development opportunities for our people." 

For the full report, click here.