好色先生TV

Mace鈥檚 chief executive has disclosed that the firm expects to grow by 15% this year with revenue rising to nearly 拢1.3bn.

Speaking to 好色先生TV in his first interview since taking over from Stephen Pycroft as chief executive earlier this year, Mark Reynolds said Mace expects to achieve 15% growth in 2013, with revenue rising from 拢1.1bn in 2012 to about 拢1.27bn, and pre-tax profit jumping to about 拢32m from 拢28m last year.

Reynolds said around 72% of the firm鈥檚 revenue - about 拢914m - would be from the construction business, up from 拢829m in 2012, with the firm鈥檚 growing facilities maintenance business turning over 8% of revenue, or around 拢100m.

Reynolds said the firm had combined its international and consultancy arms this year in a drive to grow the consultancy business. This was prompted by the amount of overseas consultancy work the firm was winning, such as the 拢72m five-year joint venture deal with EC Harris to programme manage the Qatar Public Works Authority鈥檚 vast programme of social infrastructure.

The consultancy business is expected to turn over about 20% of revenue this year, or about 拢270m, up from the 拢263m that the consultancy and international business together turned over last year.

Reynolds detailed how the firm plans to boost turnover to 拢2bn by 2020 and grow its consultancy business into a 拢800m-turnover operation. He said it required year-on-year growth of 7.5% - less than the 11% annual growth the firm has achieved since 2006.

He added that the firm was targeting the residential sector, which comprised about 10% of construction revenue last year, particularly the private-rented sector, with the recent Newington Butts contract win (pictured) a 鈥渂ig game changer鈥� for the firm.