2021 Annual Report

Bethell published its 2021 annual report on 15th December 2021, incorporating the trading results of the two principal trading entities Bethell Construction Ltd and Bethell Utility Services Ltd. 

Group turnover was up 0.5% on last year at £37.8m (2020: £37.6m) and gross margins have strengthened to 16.3% (2020:  11.4%).

Administration expenses, whilst remaining tightly controlled, have been increased to underpin long term business improvement – such as new works management IT systems and updated corporate branding – and increased as a proportion of revenue to 13.2% (2020:10.6%).  Other operating income in the year, being government grants under the Coronavirus Job Retention Scheme, was much reduced at £84k (2020: £505k).

The benefit of the higher margins has resulted in the consolidated operating profits increasing by 59% to £1.28m (2020: £0.8m) and the consolidated profit before tax increasing by 42% to £1.26m (2020: £0.9m).

Download 2021 Annual Report here.