Firm hands out dividend after taking furlough cash
Mace will have to more than double revenue in the next five years if it is to hit its £3bn turnover target by 2026 after the firm said income slipped last year to £1.7bn.
The firm, which is set to build the Curzon Street and Euston station schemes at either end of the first leg of the HS2 railway, said group turnover for the year fell 3% after jobs were stalled and mothballed by the covid-19 pandemic.
Mace, which filed its 2020 results with Companies House at the start of the month, said its construction business raked in £1.2bn of revenue, 71% of turnover, but this was down from the £1.4bn it posted in 2019. The division made a £35m pre-tax profit, down 25% on 2019.
But its consulting arm saw income rise 9% to £342m during the year although