The 2020 accounts of EW Beard Ltd show pre-tax profit down 21% to 拢3.5m (2019:拢4.45m) on turnover down 14% to 拢136m (2019:拢158.5m).
But given the challenges of 2020, with the Covid-19 pandemic, the directors said that the financial results 鈥渞eflect the strong foundation and financial controls within the company鈥�.
Beard completed 31 projects during 2020, including the Swindon Carriage Works and a new training facility for Premiership Rugby club Bristol Bears.
The company began 2021 with 拢115m of work on its books and new work still coming in. It has recently won a 拢24m contract to redevelop the University of Oxford鈥檚 Rhodes House and a 拢25m order two Signature Senior Living developments in the southeast.
Financial director Fraser Johns said: 鈥淎t Beard we were able to face the challenges raised by the coronavirus crisis with a good level of resilience, thanks to our history and culture of being a responsible business. As a result, we were able to deliver for our customers and continue to win new work during the year, ensuring a strong platform for 2021.
鈥淚t鈥檚 testament to the hard work and dedication shown across the business that we have come through 2020 together and can now look ahead to the rest of 2021, beyond the pandemic, with cautious optimism and confidence.鈥�
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