Firm saw 2017 income crash by half
Mace has rejigged its fit-out business swapping the previous Como name for Mace Interiors and moving it into a new business unit.
The business is being headed up by former Overbury commercial manager Stewart Ward who left the Morgan Sindall-owned business in the summer after 15 years.
Mace said the rebranding was designed 鈥渢o reflect closer association with the Mace Group鈥�.
Mace said it wants to see income at the business over the coming year head back north and its deputy chief operating officer Mark Castle said: 鈥淭he next 12 months will mark a key phase of growth for Mace Interiors.鈥�
According to its last set of results filed at Companies House, Como鈥檚 turnover crashed by more than half in the year to December 2017, falling from 拢141m to 拢69m. Margins slumped from 4.1% to 2.1%.
The firm, which during the period completed work fitting out tech firm Adobe鈥檚 offices at the White Collar Factory at Old Street in east London, admitted the year was 鈥渃hallenging鈥� with pre-tax profit nosediving from 拢3.7m to just 拢23,000. According to the accounts, the firm had just over 100 staff at the end of last year.
In a note accompanying the accounts, Como said it was working in-house on major schemes which 鈥渁re providing the group with significant opportunities in the market place鈥� 鈥� although the firm is not carrying out work on Mace鈥檚 late-running Spurs stadium scheme.
Como has been moved into the firm鈥檚 commercial and fit-out unit which is headed by Ged Simmonds with Ward now reporting to him.
Como was launched in 2003 by current Mace board director Lee Penlington, the firm鈥檚 group commercial director, and carries out work ranging from 拢50,000 to over 拢100m.
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