Strong growth reported by William Hare

Global steel engineering specialist, William Hare has reported a year of substantial growth, with turnover reaching £422.5 million to December 2024, up from £315.5 million in the previous period.

Pre-tax profits grew from £5.8 million in 2023 to £31.4 million in 2024.

The Group put its strong performance down to factors including its global footprint, sector diversification and a number of exceptional projects delivered in 2024, which accelerated turnover growth.

Sue Hodgkiss CBE, the Group’s CEO and Chair, commented: “We are delighted to share another year of resilient performance and a robust balance sheet, both of which are testament to the hard work and commitment of our talented workforce.”

“We are hugely grateful to be trusted by our clients to deliver some of the most significant and challenging projects in the UK and globally. While economic volatility is creating some uncertainty in the project pipeline, our order book is well diversified, and we plan to be vigilant in the face of a changing marketplace.”

William Hare says it continues to prioritise sectors which are well-aligned with government growth and funding, such as the nuclear infrastructure sector.

The London market is also seeing significant demand from tenants for new, state-of-the-art, low-carbon buildings. With recent projects including 30 Duke Street, the UK’s largest reused steel project, William Hare says it is leading the charge towards sustainability in structural steel. It is working with clients to implement low-carbon steel, reuse, and lean design strategies to achieve world leading credentials for buildings in the City of London.