Number up by half on 2018 figure

The country’s second biggest steelwork contractor saw profit jump 50% last year, its latest accounts have revealed.

William Hare posted a pre-tax profit of £5.3m on turnover down 8% to £203m.

william hare

The firm, which is working on architect OMA’s Factory arts complex (pictured) in Manchester which is being built by Laing O’Rourke, said the covid-19 pandemic had not yet hit upcoming workloads.

The accounts, which were signed off at the beginning of August, said: “Whilst the impact of the covid-19 pandemic is being closely monitored, it is encouraging to note that quality projects continue to come to market and the pipeline of opportunities remain healthy.”

Hare said it had £24m of cash in the bank, down from £28.6m in 2018, with the number of employees during the period rising 4% to 1,849.

Earlier this year, the firm’s chief executive David Hodgkiss died from coronavirus. He was 71.