Beard sees profits rise by 21%

Regional contractor Beard saw pre-tax profits rise by 21% to £1.7m last year, on revenue that was up 12% to £77.3m.

The family-owned company, which has offices in Oxford, Guildford and Swindon, says its order book at the end of the year was also up 8% to £40m, while its cash flow has remained strong, with cash balances often exceeding £7m.

The company, which was founded in 1892, is currently on seven construction frameworks.

Key projects it worked on last year included the Bishop Edward King Chapel in Oxford, which won the gold award at the Wood Awards and was a runner-up in the RIBA’s Stirling Prize; a £3.5m sports centre development at Prior Park College in Bath; a £1.7m extension of St Andrew’s Church in north Oxford; and a £2.2m expansion of the Royal Surrey County Hospital.

Managing director Mark Beard said: “Our success has been driven by a strong focus on prompt and faultless delivery of all our buildings projects, good cost control and being selective about the clients we work with and the projects we take on. Our strong commercial results have also enabled us to invest in training and developing our people and improving our customer service.”

Your News

If you've got a story that would be of interest to Builder & Engineer readers, send us an email

Features

2017-05-31 13:33

The rate of Insurance Premium Tax (IPT) will rise by two per cent on June 1 to 12 per cent on all non-exempt transactions. Martin Bennison, managing director at construction finance firm Ultimate Finance, explains what this means for UK construction companies.

2017-05-25 08:41

Building Information Modelling (BIM) is growing in popularity and is now mandatory for centrally funded public-sector projects. Experts and the curious are gathering more and more frequently at dedicated congresses, exhibitions and workshops. Many people are now asking: Where does the UK stand on the issue of BIM and the digitisation of the construction industry?

2017-05-10 10:47

Opening site doors to more females is vital to plugging the construction skills gap, reports Claire Cameron

THE construction industry continues to be plagued by a well-documented skills gap with some suggesting the shortage could get worse before it gets better.

2017-05-08 14:27

If you work on a building site, are self-employed or have a zero-hours contract, you might be surprised to know you work in the ”gig economy”. This is the economy characterised by temporary work and irregular hours, pay and working conditions.

2017-03-29 10:31

Jeremy Gould, VP sales Europe, TomTom Telematics, discusses how technological developments in vehicle telematics have opened up new workflow management possibilities for the construction industry

2017-03-21 09:31

With the demand of oil increasing, it’s estimated that the Earth will reach its full capacity for oil consumption at some point within the next 20 years. This is despite the production of oil decreasing, and the construction industry is no exception to this, reports Niftylift.

2017-03-17 10:55

With construction firms leading the way in drone technology, Claire Cameron takes a closer look at how unmanned aerial vehicles (UAVs) can be used onsite

2017-03-07 16:20

While the physical safety of workers is prioritised on construction sites, mental health is often overlooked, reports Claire Cameron

Free E-newsletter Sign-Up

Sign up for our free e-newsletter

Looking for a company or service?