BECT BUILDING CONTRACTORS (Cardiff)

Origins

BECT was formed in 1983 when all four Directors were at a stage and age where they felt the need to give the adventure of self-employment “a go”. There was an excitement and desire to become a respected Contractor in the local area working for the established commercial, public and private sector clients in the locality. It was an opportunity to be in charge of their own destiny and they felt between the four they had the correct split of skills to make an impact in the market. They had a vision of how they wanted to treat clients, subcontractors and workforce, something that has remained with the founders for over 30 years.

Our main challenges when starting the business

The major challenge in the first three years was at the set-up of the company when it was on the back of the late 1980s recession. The directors were probably too excited with the notion of working for themselves that they did not take on board the full impact that would have on a new business. They soon realised (and this has been the case through every recession) that construction is not favoured by the banking sector during these hard times. Funding and gradual expansion was an issue although the business has remained with its bank/branch for the whole of its business duration. In these first three years, its goal of working in the commercial market took longer to achieve as becoming an approved contractor to these clients involved the submission of financial accounts along with examples of experience which they did not have. However, their persistence and energy got them through the hard times and the client base they fought hard to get in the early years remain with them today.

Success Factor

Having a solid and supportive client base that recognises, acknowledges and genuinely values the contribution that the business makes to a project. This brings repeat business and an awareness that there is a right price for the job and not just the cheapest. Having a clear understanding that the growth and development of a business is largely down to employing good people and empowering them to drive the business forward. Finally, being well positioned to take advantage of the recent buoyancy in the local and national economy.

The Future

Over the next five years, the directors aim to establish BECT as an outstanding place to work, a trusted partner with whom to do business with and the principal medium-sized contractor in South Wales. It will be seeking to build on its current client base with new clients whose core values align with ours. Growth for growth’s sake will not be its driver but instead the business will focus on ensuring that it continues to trade successfully for another thirty years and beyond.