20 July 2017 | Herpreet Kaur Grewal
Macro - the facilities management arm of Mace Group - has reported an 8 per cent increase in profits from contracts, according to its annual report for 2016.
It said it had also entered nine new countries in 2016, including Bahrain, Costa Rica, Czech Republic, Japan, Jersey, Jordan, Oman, Pakistan and Turkey.
Headcount in the business grew by 6 per cent to 766 staff.
Macro continued to win large international contracts, including with Standard Chartered Bank, providing integrated facilities management, workplace services and project management across four continents, managing a portfolio of 4.2 million square feet.
The Mace Group overall posted a pre-tax profit of £10.7 million, which was below expectations owing to a small number of "challenging construction projects". But the group said Mace's bidding pipeline and opportunities "remain strong", showing a £4.5 billion pipeline of work at the end of 2016.