Mace Construct Limited
Registered name: MACE CONSTRUCT LIMITED
Part of Mace Construct Holdings Limited groupMace Construct Limited made £393m revenue and a £38.8m loss in the year to 31 Dec 2024.
Mace Construct Limited’s revenue grew 88% to £393m in the year to 31 Dec 2024, with a loss of £38.8m and 1,970 employees. The company is classified under “development of building projects” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 10 yrs · since 2015
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £48.8m | £209m | £393m |
| Cost of sales | −£50.9m | −£211m | −£387m |
| Gross profit | −£2.1m | −£2.1m | £6.3m |
| Operating profit | −£1.1m | −£1.5m | −£38.1m |
| Profit before tax | £9m | −£8.1m | −£37.7m |
| Profit after tax | £9.2m | −£7.9m | −£38.8m |
| Profit (best available) | £9.2m | −£7.9m | −£38.8m |
| Employees (average) | 1,186 | 1,570 | 1,970 |
| Ratios | |||
| Profit margin | 18.9% | −3.8% | −9.9% |
| Gross margin | −4.4% | −1% | 1.6% |
| Revenue per employee | £41.1k | £133k | £200k |
| Profit per employee | £7.8k | −£5k | −£19.7k |
| Growth (year on year) | |||
| Revenue growth | — | ▲328.1% | ▲88.4% |
| Profit growth | — | ▼185.5% | — |
| Headcount growth | — | ▲32.4% | ▲25.5% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jul 2024 | Accounts · bulk data Jul 2024 | Accounts · bulk data Jul 2025 |
How the business works
- Profit margin
- −9.9%
- Profit ÷ revenue.
- Gross margin
- 1.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £200k
- Revenue ÷ average employees.
- Profit per employee
- −£19.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▲25%
- Now 1,970
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Mace Construct Holdings Limitedultimate parent75–100%
- Mace Finance Limited75–100%
- Mace Group Limited75–100%
- Mace Limited75–100%
- Mace Construct Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Mace Construct Specialist Services LimitedFigures not disclosed
Sister companies (12)
- Mace Developments (Greenwich) LimitedRev. £2.4m · Profit −£1.1m
- City Fringe LimitedFigures not disclosed
- Como Group LimitedFigures not disclosed
- Mace Develop LimitedFigures not disclosed
- Mace Developments LimitedFigures not disclosed
- Mace International (UK) LimitedFigures not disclosed
- Mace Living LimitedFigures not disclosed
- Mace Living Solutions LimitedFigures not disclosed
- Mace Mep Services LimitedFigures not disclosed
- Mace Plus Group LimitedFigures not disclosed
- Mace Sustain LimitedFigures not disclosed
- National Digital LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£38.8m), from the Companies House accounts bulk data published Jul 2025. Spotted an error? Request a correction.
Updated from Companies House on 20 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.