Beard Construction reports £3.5 million profit for 2022

By Ben Carey on 17 March, 2023

Construction firm Beard has reported strong business performance for 2022 with pre-tax profits of £3.5 million and turnover of £165 million.

Taking the business to above pre-pandemic levels, the results are a reflection of pent-up demand from the preceding two years.

Beard, which has offices in Swindon, was established in 1892 and has undertaken a range of recent projects across the region including the construction of the new Tadpole Medical Centre in Swindon and the creation of a new Dick Lovett car showroom in Melksham.

Finance Director Fraser Johns said the company’s performance was due to the hard work and commitment of its people and the strong relationships with supply chain partners the company has fostered over the years.

He said, “We would like to thank our people and supply chain partners for helping to ensure that our projects were delivered successfully last year, and we look forward to their continued support throughout 2023 with a healthy project pipeline.”

Environmental performance continues to be a focus for the business with a target of 25 per cent reduction in carbon emissions (per £1 million turnover). Beard has implemented a number of initiatives to reduce emissions, and to date has achieved a five per cent reduction (per £1 million turnover) compared with a baseline of pre-pandemic levels in 2019.

Fraser Johns added, “We remain focused on reducing our carbon emissions and are committed to further investment and strategies this year. These include installing electric vehicle (EV) charging points at our offices and creating an EV salary sacrifice scheme for all staff.”