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News » UK » Posh projects deliver growth for Beard » published 7 Apr 2017

Posh projects deliver growth for Beard

Eton and Oxford has been a recipe for success for many over the years, including Boris Johnson and David Cameron. It is a route that has done construction firm Beard no harm either, thanks to projects at both establishments.

Mark Beard Above: Mark Beard

For the year ended 31st December 2016, Beard’s turnover grew 23% to £136m (2015: £110m) and pre-tax profit was up 41% to £4.0m (2015: £2.9m).

The current order book for the south of England contractor stands at just over £112m.

The family-owned firm, which celebrates its 125th business anniversary this year, has offices in Bristol, Swindon, Oxford and Guildford.

Projects secured in 2016 included an £11m science building refurbishment at Eton College, a sports hall development for the University of Oxford and a £7.2m scheme for the SS Great Britain Trust to build the new national Being Brunel museum alongside Bristol’s Floating Harbour.

“Beard’s strong construction performance in 2016 reflects our continued strategic focus on prompt and faultless delivery, being selective about our projects and work-winning environments, which bring out the best in our teams,” said chairman Mark Beard.

“Our high-quality construction capability and profitable long-term relationships with our clients and suppliers have also helped generate high levels of repeat business which we have been able to secure on better terms than lowest cost competitive tendering.”

Further growth is expected in 2017. “Given the agility of the business, the strength of our order book, framework contracts and pipeline of contract opportunities, we’re well positioned to build on our success in 2017,” the chairman said.  “Along with a strong management team under new managing director David Sershall, we continue to invest heavily in training and developing our own skilled workforce in preparation for new construction opportunities in the new post-Brexit market and a continuous drive to be better tomorrow than we are today.”

Mark Beard became company chairman last year following the appointment of David Sershall as managing director. Under Mark Beard’s management, the company has seen its turnover grow from £18m in 1999 to £136m today.

 

 

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This article was published on 7 Apr 2017 (last updated on 10 Apr 2017).

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