Full year accounts published for the year ending December 31, 2022 show pre-tax profits of £3.5m and turnover of £165 million, as the business benefitted from a release of pent-up demand from the previous two years.
Beard finance director Fraser Johns said the company’s performance was in line with its budget, demonstrating Beard’s ability to navigate the challenging economic environment.
This, he said, 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.
-- Advertisement --
Fraser Johns said: “We maintained focus on our core objective - ensuring the safety of all those who came into contact with our activities. Our safety objectives achieved a significant reduction in slips, trips, and falls and ultimately in our accident rate in 2022.
“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 as we move into 2023 with a healthy project pipeline.”
Projects begun last year by Beard included the construction of Aztec 1000, the South West’s first net zero carbon in-operation office development; a new community tennis centre clubhouse at Raynes Park for the All England Lawn Tennis Club; two children’s homes and a family contact centre for Surrey County Council; new boarding houses and a pavilion dining room for Abingdon School in Oxfordshire; and the painstaking restoration of the two-storey library of Exeter College in Oxford.
Environmental performance continues to be a focus for the business with a target of 25 per cent reduction in carbon emissions (per £1m turnover). Beard has implemented a number of initiatives to reduce emissions, and to date has achieved a five per cent reduction (per £1m turnover) compared with a baseline of pre-pandemic levels in 2019.
