The contractor has posted a 19% increase in turnover in its latest financial results

Stephen Pycroft

Mace has taken a big step towards its £2bn turnover target after growing 19% last year to post revenue of £1.77bn.

In a snapshot of its results for the 2015 calendar year, shared with Building ahead of publication expected on Wednesday, Mace also posted a small rise in pre-tax profit to £36.2m, up from £35m the previous year. Revenue had stood at £1.49bn in 2014, with the firm aiming to hit the £2bn mark by 2020.

The builder behind London’s Shard continued to pick up some of the UK’s most high profile projects last year, including the revamp of Tottenham Hotspur’s new stadium and a £123m Rogers Stirk Harbour + Partners-designed job for the London School of Economics.

Next weekend another of the firm’s big and highly-anticipated projects, the Herzog and de Meuron-designed Tate Modern extension on London’s South Bank, opens to the public.

Mace’s headcount increased by 379 to 5,036, of which 71 of the new hires were graduates, of whom a third were women.

Steve Pycroft, Mace executive chairman, said: “As we celebrated our 25th year, we continued to deliver complex and challenging projects for our clients while continuing to grow the business and develop our people.”