Beard bullish about construction prospects

Grant Prior 8 years ago
Share

Regional contractor Beard Group is confident about prospects for the rest of the year after posting a strong set of results for 2016.

Chairman Mark Beard is selective over projects
Chairman Mark Beard is selective over projects

The firm – which has offices in Bristol, Swindon, Oxford and Guildford – saw pre-tax profits rise to £4m for the year to December 21 2016 from £2.9m last time.

Turnover ticked up from £110m to £136m and the current order book stands at just over £112 million.

High levels of repeat work and places on 14 multi-million-pound construction frameworks meant Beard has managed to avoid problem low cost contracts.

Chairman Mark Beard said: “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.

“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.”

The family-owned construction firm undertakes construction projects up to £16m and has seen its turnover jump from £18m in 1999 to current levels.

Beard said: “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.

“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.”

Latest news

Laing O’Rourke wins £920m animal health super-lab job

Flagship lab forms centrepiece of £2.8bn DEFRA animal diseases complex rebuild
31 minutes ago

Scotland eyes £3bn cladding fix as levy targets house builders

Ministers to raise £30m a year from developers to fund building safety blitz
53 minutes ago

Amey profit jumps 31% as £7.8bn pipeline fuels growth plans

New frameworks, rising margins and global push drive Amey turnaround
1 hour ago

Green light for stalled London resi tower

Developer Regal wins approval for 100 Avenue road scheme
2 hours ago

Home Office steps-up immigration raids on construction sites

36 arrests made in one site raid
1 hour ago

Former Hewlett civils firm fails amid director blame game

£17m turnover CORE Special Projects ceases trading after 10 years
3 days ago

Problem job sinks Mace construction profits

Consultancy arm now making more money than larger construction division
4 days ago

Acciona heads May contracts league with water job

Mace displaces Sir Robert McAlpine at the top of the annualised rankings
3 days ago

Cardo swoops for wall insulation specialist SERS

Building maintenance group continues rapid growth spree with takeover of retrofit expert
3 days ago

New finance chief at Laing O’Rourke

Accountant Ilze Williamson joins from architecture practice
3 days ago

United Living acquires civils specialist Glenelly

Latest move in the power infrastructure sector
3 days ago

Gloom slowly lifting from construction buyers

"Worst phase of spending cutbacks may have passed"
4 days ago

Over 1,300 finished flats lying empty in Gateway 3 logjam

Final safety sign-off stalls occupation and pushes developers to the brink
4 days ago

Modular specialist Elements Europe falls into administration

Move into main contracting sinks pod specialist
4 days ago

Magrock lands first job with Big Yellow Self Storage

Construction to start this summer on Kentish Town site
4 days ago

Van Elle hit by BSR delays as £134m revenue falls short

Building Safety Regulator logjam delays major resi piling jobs
4 days ago

ECF seals £1bn deal for Northampton town revamp

Development agreement for 25-acre town centre reboot
4 days ago

Demolition starts revamp of 16 acre Luton site

Construction to start by end of year on major industrial and logistics scheme
4 days ago

Anglian Water ramps up pipeline rollout with fresh 260km deal

More drought-busting pipeline work flows to Strategic Pipeline Alliance firms
4 days ago

Framework winners named on Peel Ports £750m deal

Graham and Mclaughlin & Harvey share major works lot
4 days ago

Reeves pledges £15.6bn for regional transport

Chancellor to unveil big spending package today for Metro mayors
5 days ago

Kier ditches diesel for hydrogen in green major site power trial

Trial shows over 20,000 litres of diesel already saved at Bridgwater Tidal Barrier
5 days ago

Plans unveiled for 1million sq ft commercial scheme

Design & build opportunities available at Scunthorpe site
5 days ago

Bouygues seals £119m deal for twin college builds in Wales

Work starts this month on Barry Waterfront and Cardiff Airport tech hubs
5 days ago

MPs back Sellafield delivery shake-up but costs spiralling to £136bn

Four out of five recent projects now on track, but wider site faces growing risks
5 days ago

Fraudster ordered to pay back £80k to contractors

Office worker embezzled £516,000 from two construction companies
6 days ago

Wates gets start date for Victoria Tower restoration

Work to begin this summer and last to 2031
5 days ago

Kier upgrades margin target as order book holds firm

Contractor eyes 4.5% margin as bid discipline pays off
6 days ago

Willmott Dixon bags hat-trick of leisure centre energy retrofits

£15.8m North Herts Council deal includes replacing boilers for air source heat pumps
6 days ago

Drylining giant takes bold step on accepting design risk

Siniat liability pledge designed to stop risk being pushed down supply chain
6 days ago

Contractor services