William Hare Reports Strong Financial Performance

Global engineering steel specialist, William Hare Group, has reported a strong financial performance for year ending 31 December 2023.

The Group has recorded a turnover for the year of £315.5m, an increase of £67.2m on the previous year and an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) of £9.8m – up from £3.4m in 2022.

The company operates in the UK, as well as in the United Arab Emirates (UAE), India and Europe. It has a global reputation for offering engineered steel solutions and has one of the largest in-house steel manufacturing teams in the world. Established in 1945, it is looking forward to celebrating its 80th anniversary next year.

Sue Hodgkiss CBE, the Group’s CEO and Chair, comments:

“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 specialist."

“We have taken a very prudent approach financially over the years, which means our balance sheet is a source of strength.”

Matthew Nesbit, Board member and Director for the Group, adds:

“We are delighted with this year’s results. 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. Our order book is well diversified and in the best shape in our history, giving us much optimism for the future."

“I would like to take this opportunity to thank all of our employees, customers and suppliers for their ongoing support. Without them, the business wouldn’t be in the position it is today.”

William Hare Group 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 has a turnover of c£315m and over 2,000 people worldwide.

For more information about the Group visit here.

Photo caption: Matthew Nesbit, Board Member & Director.