Bect Building Contractors

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 thirty years. 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. 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

The three key factors that have contributed to the rapid growth of the business would be (a) having a solid and supportive client base that recognises, acknowledges and genuinely values the contribution that the firm makes to a project (b) 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 and (c) being well positioned to take advantage of the recent buoyancy in the local and national economy.

The Future

Over the next five years, BECT aims to increase the turnover of the business to £50 million and wants to establish itself 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 has managed to build on its current client base with new clients whose core values align with that of the business. It will be recruiting senior skilled staff and operatives to help grow the business and upskill the younger members of staff to become future managers. This will ensure the processed and business plans are kept on track and help build a stronger, more robust management system.