Strong 2018 for Beard

By Ben Carey on 12 April, 2019

Swindon construction group Beard has announced a strong set of financial results for 2018.

The family-owned firm reported pre-tax profits of £4.5 million with a 4% rise in turnover to £150.2 million, up from £144.5 million the previous year.  

Mark Beard, Chairman of Beard, said, “2018 has been a good year for the Group favourable market conditions generating healthy levels of turnover and profit.

“Our strong construction performance has been underpinned by Beard’s talented and committed staff, rigorous financial management and our prompt and faultless project delivery strategy which continues to win work and generate high levels of repeat business. With a strong order book currently standing at £105 million and our ongoing investment in growing our own skilled workforce, we expect this positive momentum to continue in 2019.”

Highlights for the company in 2018 included Beard’s appointment to procurement specialist Pagabo’s £1 billion National Framework for Medium Works for public sector projects.

Other important contract awards for the company in 2018 included a major scheme for the Clifton Suspension Bridge Trust to replace toll booths on the Grade I-listed Clifton Suspension Bridge; a £5.3 million scheme to build Charlton Wood Primary Academy at the old Filton Airfield for South Gloucestershire Council; and a £3.4 million extension to Fairford Church of England Primary School in Fairford.

In Tidworth, Beard was awarded a £9.3 refurbishment of officers’ messes for Aspire Defence and an £11.5 million combined contract to create Oxford’s first dedicated access facility for welcoming prospective university students and a new undergraduate centre at Wadham College.