Beard back to pre-pandemic trading

Aaron Morby 3 months ago
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Family-owned Beard Group has returned to pre-pandemic trading levels after delivering 6% growth in turnover to £144m last year.

Beard finance director Fraser Johns says group ended the year with strong cash and no debt
Beard finance director Fraser Johns says group ended the year with strong cash and no debt

Full year accounts published for 2021, show the firm coped with material and labour price inflation to deliver pre-tax profits of £4.2m in line with the previous year.

Swindon headquartered Beard ended the year with a strong cash balance with zero debt on its books.

Beard financial director Fraser Johns said the firm’s performance was a tribute to the strong supply chain the company had developed prior to the challenges of the pandemic, and these relationships remain a key focus for the business.

“As a responsible business, Beard has always treated our suppliers and contractors fairly and has paid promptly for materials and work,” he said.

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

Beard last year commenced the restoration of the UK’s oldest lido at Cleveland Pools in Bath, renovation of the Grade II* Royal West of England Academy building in Bristol and development of 30 student rooms at the Frewin Annexe of Brasenose College in Oxford.

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