Mott MacDonald Achieves Record £2.5bn Turnover in 2024

Mott MacDonald, the employee-owned engineering and development consultancy, has reported a record turnover of £2.52 billion for the year 2024, marking a 6% increase from the previous year’s £2.37 billion. Pre-tax profits also saw a 9% rise, reaching £123.3 million compared to £112.9 million in 2023.

Key Projects Driving Growth

The company’s robust performance is attributed to several significant projects across various regions:

• United Kingdom: Mott MacDonald secured key appointments to support National Grid in designing two high-voltage links aimed at enhancing renewable energy connectivity. Additionally, the firm continued its collaboration with Holtec Britain and Hyundai Engineering & Construction to explore the delivery of small modular reactor technology.

• North America: The company was appointed to provide programme and project management services for the Santa Clara Valley Transportation Authority. It also continued its work on storm flood relief by supporting the upgrade of Philadelphia’s historic sewer system.

• Australia and New Zealand: Mott MacDonald expanded its capabilities through the acquisition of specialist consultancies, Merz and Neo Engineering. The firm was also selected by Queensland Hydro to provide engineering services for the proposed energy hydro storage system at Lake Borumba.

• Middle East: In Saudi Arabia, Mott MacDonald was appointed as the city infrastructure engineer for the first phase of The Line, a key component of the Neom project.

Risk Analysis

Operational Risks:

• Project Complexity: Managing large-scale, multidisciplinary projects across diverse geographies poses coordination and execution challenges.

• Regulatory Compliance: Navigating varying regulatory environments requires meticulous attention to local laws and standards.

Market Risks:

• Economic Fluctuations: Global economic uncertainties can impact funding and investment in infrastructure projects.

• Competitive Landscape: The engineering consultancy sector is highly competitive, necessitating continuous innovation and value delivery.

Impact Assessment

Economic Impact:

• Job Creation: The company’s growth contributes to employment opportunities across its global operations.

• Infrastructure Development: Mott MacDonald’s projects play a vital role in enhancing infrastructure, thereby supporting economic development in various regions.

Environmental Impact:

• Sustainable Solutions: The firm’s involvement in renewable energy projects and sustainable infrastructure underscores its commitment to environmental stewardship.

Leadership Perspective

Executive Chair James Harris commented on the company’s performance:

“The last 12 months mark another year of good performance for the business, as our revenues reached £2.5bn for the first time. Though economic and political uncertainties persist across many of our regions, our recently enhanced employee ownership model and our long-term strategy ensure we are well positioned to continue growing, and to keep on delivering the right impact for our clients and the communities they serve.”