Global engineering steel specialist William Hare Group has reported a strong financial performance, as the business approaches its 80th anniversary.
The group recorded turnover for the year ended 31 December 2023 of £315.5 million, an increase of £67.2 million on the previous year and EBITDA of £9.8 million, up from £3.4 million in 2022.
Matthew Nesbit, Board member and director, said the group’s order book is well diversified and “in the best shape in our history, giving us much optimism for the future”.
William Hare was established in 1945 and provides value-engineered steel solutions to some of the world’s most innovative and sustainable construction projects.
A family-owned and run business, it employs more than 2,000 people globally, operating in the UK, the United Arab Emirates (UAE), India and Europe, and has one of the largest in-house steel manufacturing teams in the world.
Group CEO Sue Hodgkiss said: “Our latest set of results is testament to the hard work and commitment of our talented workforce.
“It is also down to a resurgence in international markets, as well as further growth in the UK.
“We are continuing to build our reputation with global clients and are increasingly recognised as one of the world’s leading engineering steel specialists.
“We have taken a very prudent approach financially over the years, which means our balance sheet is a source of strength.”
Nesbit added: “As a business we have worked very hard to remain at the forefront of our industry during a time that has been challenging given ongoing inflationary pressures, project delays and a changing political landscape.
“We are hugely grateful to work with some fantastic clients, who trust us to work with them to deliver some of the most significant and challenging projects in the UK and globally.”
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