Mace has announced a shake-up of its fit out business, in an apparent bid to arrest falling turnover.
The name of the Como fit out unit has been changed to Mace Interiors, while former Overbury director Steward Ward has been drafted in to run it.
Mace Group accounts for the year to December 2017 show that revenue at Como had fallen from £141m to just £69m. Pre-tax profit fell to £23,000 in 2017, from nearly £3.7m the year before.
The new branding will be phased in across Mace’s current fit-out projects and the company will operate under the new brand from now onwards.
Ward, who spent 15 years at Overbury, will report into Mace’s Ged Simmonds, the managing director responsible for Mace’s commercial and fit out construction businesses.
He said: “I’m excited to have been appointed to lead the next chapter of Mace’s journey in the fit-out sector. We’ve got a fantastic team in place here, with a huge range of expertise and a portfolio of fantastic clients and projects. I’m very proud to have the opportunity to take Mace Interiors from strength to strength over the next five years and beyond.”
Mark Castle, Mace’s deputy chief operating officer said: “We have delivered some of the most exciting fit-out projects in the UK over the last ten years, and with our new brand and Stewart in charge I’m sure we will continue to build on that fantastic legacy. The next twelve months will mark a key phase of growth for Mace Interiors, and I look forward to working with Stewart and the rest of the team to deliver it.”
