Construction firm Beard credits supply chain with ‘robust’ results

Construction company Beard said a strong supply chain helped it achieve a “robust” financial performance for 2021, with growth of 6%.

In a set of results for the year ending December 2021, the 130-year-old business reported pre-tax profit of £4.2million, in line with the previous year but down from the 2019 figure of £4.4m.

Revenue rose to £144m, up from £135m in 2020, but down from pre-pandemic figures of £158m in 2019.

The family business, which is headquartered in Swindon and also has offices in Bristol, Guildford and Oxford, said it had completed 59 projects in the past 12 months.

The group completed an 18-month build of Bristol City Football Club’s state-of-the-art training facility – the Robins High Performance Center – in March 2021.

He also oversaw the £8million redevelopment of Bristol’s former Gaumont Cinema building into student apartments, which was recently acquired by accommodation provider Empiric Student Property in an £19million deal. pound sterling.

Other highlights for Beard in 2021 include finishing the Archway project in Bath – a conversion of former Victorian spa buildings into a World Heritage and learning center near the Roman Baths – and a multi-million transformation books of Cheltenham’s iconic Quadrangle building, which now includes the town’s first rooftop restaurant.

Beard’s chief financial officer, Fraser Johns, said the company’s performance was “a tribute” to the supply network it had developed before the challenges of the pandemic.

Mr Johns said: ‘As a responsible company, Beard has always treated our suppliers and subcontractors fairly and paid promptly for materials and work.

“This tradition of doing the right thing, coupled with strong financial controls within the company, meant that Beard was well positioned to deal with the supply chain issues that impacted the healthcare industry. construction in 2021 and which are expected to continue over the coming year.”

Mr Johns added that Beard had a “healthy” pipeline of projects for 2022. The company last year began restoring Grade II listed structures, the Cleveland Pools lido in Bath and the Royal West Building of England Academy in Bristol.

Beard also reported improved environmental performance in 2021, saying it had reduced carbon emissions by 9% (per £1m turnover) from pre-pandemic levels in 2019.

Mr Johns said: “While we have taken significant steps to ensure that our energy comes from renewables, we have seen the greatest impact in the introduction of flexible working, which has significantly reduced commuting time between offices.

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