Oxford-based construction company Beard weathered the coronavirus financial storm and turned a profit in 2020.
The company has released its financial statements for the fiscal year ended December 31, 2020, showing a stable performance for the company.
The company’s 2020 financial statements showed that the 128-year-old company, which was founded in 2021, is in a good position to continue trading strong.
The accounts show that Beard had sales of £ 136 million and a profit of £ 3.5 million in 2020 while having strong cash and no debt on his books.
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Fraser Johns, Beard’s chief financial officer, said, “At Beard, we have been able to meet the challenges of the coronavirus crisis with a good level of resilience thanks to our history and culture as a responsible company. “As a result, we have been able to deliver for our customers and continue to attract new work throughout the year, ensuring a strong platform for 2021.”
Beard has continued to attract new work, most recently the £ 24 million development of the Rhodes House at Oxford University.
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In 2020, the company completed a total of 31 projects, including the iconic Swindon Carriage Works and a new training facility for the Premiership Rugby Club Bristol Bears.