Mace latest financial and operational results

Mace has published its annual accounts for FY2022 – reporting growth in its global consultancy business and a record-breaking safety performance. 

Highlights 

• Group turnover: £1.93 billion (FY2021 £1.93 billon) 
• Construction business turnover: £1.4 billion (FY2021: £1.5 billion) 
• Consultancy business turnover: £500 million (+36% on FY2021) 
• International activities revenue: £516 million (FY2021 £485 million) 
• Profit before tax (PBT): £36.5 million* (FY2021 £38.3 million) 
• Operating profit (before exceptional items): £45.4 million 
• Cash (net of overdrafts): £130 million (FY2021 £127 million) 
• Global headcount: 7,271 (FY2021: 6,562)** 

*PBT was despite a £13 million exceptional impairment of a loan to a development JV. 

** It said it will recruit 2,000 more people over the next three years.   

FY2022 saw Mace’s thirty-second consecutive year of profitability. 

The Group’s Business Strategy is targeting £3 billion of revenue by 2026, through four hubs: UK & Europe, the Americas, Middle East and Africa, and Asia Pacific. 

Despite planning delays, materials inflation and energy costs, its construction business secured more than £2.1 billion of new projects.  

Mace also delivered more than £214 million of construction work through its construction management projects.   

Its consultancy business won places on several global programmes, worth more than £100 billion. 

As part of its 2026 Business Strategy, Mace also reduced carbon emissions by 7% (a cumulative reduction of 57% since FY2019); contributed £682.4 million in social value (+27% on FY2021); and, invested 3% (£57 million) of revenue in R&D. 

The Group also had the safest year in its history, reporting a 0.03 accident frequency rate, and 94% of construction projects did not have a reportable RIDDOR incident. 

“2022 was a successful year across the Group; particularly the growth of our global consultancy business – which expanded by more than a third – and our record-breaking safety performance,” said Mark Reynolds, chairman and Group chief executive. “We are proud of everything we have achieved, and I would like to thank all my colleagues, and our partners, clients and suppliers for their support during a challenging year for our industry. 

“Mace continues to push our industry forward; driving innovation, sustainable delivery, and purpose-led growth across the world, working with our clients to transform how we deliver. It’s a team I’m honoured to be a part of.” 

To read the full report, click here. 

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