, a UK-based construction and consultancy company, has reported revenue of 拢2.36bn ($3.07bn) in 2023, marking a 25% increase from 拢1.89bn reported in 2022.聽
This growth is attributed to the expansion of its global consultancy work.
Profits before tax from continuing operations also climbed by 68% to 拢61.7m, up from 拢36.7m last year.
Meanwhile, operating profit soared by 94% to 拢64.3m from 拢33.1m in the previous year.聽
By the end of 2023, Mace’s cash reserves had grown to 拢175.81m, an increase from 拢153.93m in 2022.
Mace’s consultancy division experienced a 24% revenue boost to 拢619.4m, driven by new projects across Asia, the Middle East, the Americas, the UK, and Europe.
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By GlobalDataThe company’s construction segment also saw a rise, with revenue increasing to 拢1.73bn in 2023.聽聽
Throughout the year, Mace secured a total of 60 new projects.
The company also increased its research and development investment by 19.3% to 拢68m.
Mace aims to achieve more than 拢3bn in revenue by 2026 and save ten million tonnes of client carbon, having already achieved a reduction of 1.77 million tonnes.
Mace chair and group chief executive Mark Reynolds said: 鈥淥ur vision is for Mace to be the world鈥檚 leading programme and project delivery consultant and construction expert – a purposeful and sustainable business; and 2023鈥檚 results show that we are well on the way to making that a reality.聽
鈥淢uch of our growth in 2023 came from securing major consultancy programmes around the world. Our Delivery Partner expertise means that Mace is one of the few credible global consultants that is able to provide clients with the confidence they need to deliver complex projects at scale with rigour and discipline.鈥�
In May this year, Mace was appointed as the main contractor for the City of London鈥檚 office redevelopment at 100 New Bridge Street.
