Financials

Mace was founded out of a belief that the industry could be more efficient, innovative and responsible. Since 1990 we have built a reputation and track record for delivering projects safer, faster, greener and better than ever before – consistently demonstrating resilience in challenging market conditions. 

2023 was a transformative year for Mace. Soaring to new heights, we achieved record-breaking revenue and profit before tax. Our global consultancy work expanded significantly, and we reached a five-year high in construction revenue. Standing as a testament to our relentless pursuit of excellence and innovation.  

This year marked the mid-point of the delivery of our 2026 Business Strategy with major steps towards our target of achieving more than £3bn of annual revenue by 2026. Over the year, we recorded £2.36bn in revenue, up 25% from 2022 (1.89bn) and operating profit of £64.3m (up by 94% on 2022). A reflection of Mace’s expanding reputation and the strong, trusting relationships it has built with clients worldwide.  

It was a year of change, streamlining our business structure and sharpening our focus on the driving force our success – our engines. This change was taken in our stride, as Consult and Construct achieved record-breaking profits. Consult’s turnover increasing by 24% to £619.44m, with operating profit growing by 34% to £43.68 and Construct’s turnover rose by 26% to £1.73bn, with profit before tax increasing by 18% to £79.32m.  

These figures have significantly strengthened our balance sheet, with cash at bank rising by 14% to £175.81m and net assets increasing by 42.1% to £76.1m.  

Reflecting on this remarkable year, we are filled with optimism and pride. It strongly validates our strategic vision, dedication of our teams, and the lasting strength of client relationships. Together, we are ready to continue our journey of growth, overcoming challenges head-on and aiming for even greater heights in the future.