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Profits slashed at historic group which helped build London's Olympic Stadium, Old Trafford and Chill Factor

The group has also worked on projects for the Trafford Centre and in Spinningfields

William Hare Group has previously worked on a project at Manchester United's Old Trafford stadium(Image: STEVE ALLEN)

Pre-tax profits at a Greater Manchester group which has worked on projects at London's Olympic Stadium, Old Trafford, Chill Factor and the Mall of the Emirates in Dubai more then halved during 2020 while its turnover dipped below the £200m mark.

William Hare Group, which is headquartered in Bury, has reported profits of £2.4m for the 12 months to December 31, 2020, down from £5.3m.

Its group turnover also fell from £203.1m to £191.6m over the same period.

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The business specialises in engineering, fabrication and structural steelwork as well as manufactured products and can trace its roots back to 1888.

Among the other projects the group has worked on include Spinningfields Square in Manchester, the Barton Square extension at the Trafford Centre, New York University as well as bridges over the Yas Marina F1 track in Abu Dhabi.

A statement signed off by the board said: "The order book position is extremely strong at the balance sheet date and the directors note that there have been further awards of contracts in 2021 to date.