In the year ended 31st December 2014, Beard reported 47% growth pre-tax profits from £1.4m in 2013 to £2.1m.
Despite challenging trading conditions, turnover grew 15% to £88.1m (2013: £77.3m). The company’s order book rose by 50% from £40m to £60m during 2014 while cash balances often exceeded £6m.
Projects won last year included: a £5.3m contract to transform the former HM Revenue & Customs tax office into student accommodation in Bristol; a £4.7m community centre construction for Oxford City Council in Oxford; a £3m extension of Haydonleigh Primary School in Swindon for Swindon Borough Council; a £960,000 refurbishment and extension of the Royal Surrey County Hospital’s Ophthalmology Department in Guildford; and a multi-million pound framework scheme to build a new three-storey teaching complex at Durrington High School in Worthing for West Sussex County Council.
Beard managing director Mark Beard said: “We’re delighted with this year’s business performance which has delivered record financial results and substantial growth for Beard. Looking ahead, our order book and cash balances are strong and we expect to see further growth across all our business sectors this year as we continue to focus on our strategy of prompt and faultless service delivery, good cost control and being selective about who we work with and the projects we do.”
He added: “We’ve also positioned the company for its next stage of growth by strengthening our leadership team, increasing our investment in training and recruitment and enhancing the services and support we provide to our customers.”
Got a story? Email news@theconstructionindex.co.uk
