For 30 years our adventurous spirit has driven us to do things better and drive change through our industry.
2019 was a strong and profitable year for Mace; the company’s 29th consecutive year of making a profit. Despite a challenging economic backdrop, the company has maintained its focus on delivering exceptional performance for our clients across the globe.
Profits before tax rose from £19.5m in 2018 to £25.3m with our margin improving from gross 6% to 9%. Group revenue reduced to £1.8bn (2018: £2.3bn), mainly as a result of high income from International data centre work in 2018. The Group’s cash position at the end of December 2019 was £170m (2018: £203m).
In 2019 we continued to increase the value we create to society by £31m to £522m. We also invested more than £51m in research and development across the Group.
As a business, Mace continues to demonstrate its industry-leading role, undertaking some of the largest and most complex projects in the UK and globally, whilst providing our people with an extensive range of exciting and challenging opportunities.