Company Registration number: 01989247

William Haley Engineering Limited

Contents

Company Information	1
Strategic Report	2 to 3
Directors' Report	4
Statement of Directors' Responsibilities	5
Independent Auditor's Report	6 to 9
Profit and Loss Account	10
Balance Sheet	11
Statement of Changes in Equity	12
Notes to the Financial Statements	13 to 23

William Haley Engineering Limited

Company Information

Directors

M O Bryant Mr W J Haley Mr Will Haley

 

Registered office

Bellcombe Works East Brent NR HIGHBRIDGE Somerset TA9 4DB

Auditors

Albert Goodman LLP Goodwood House Blackbrook Park Avenue Taunton Somerset TA1 2PX

William Haley Engineering Limited

Strategic Report for the Year Ended 31 December 2025

The directors present their strategic report for the year ended 31 December 2025.

Principal activity

The principal activity of the company is the design, fabrication and erection of steel frames for buildings.

Fair review of the business

The directors present their report for the year ended 31 December 2025. The directors thank staff for their cooperation in making 2025 a successful year.


Profit: The pre-tax profit margin was 14.2% (2024: 4.4%) Sales: £19.4 million (2024: £16.9m).

Customer Satisfaction: customers continue to highly value the reliability of our steelwork quality and delivery, and our site performance in terms of helpfulness, safety, and project management. Feedback from customers averaged 9/10 (2024: 9/10). The category A or preferred status was maintained with all customers.


Projects: William Haley Engineering supplied and erected steel frames for buildings throughout England and Wales, for public institutes and private businesses. As well as steel frames, we supplied and installed metal decking, edge safety protection, paint for fire protection and such pre-cast concrete elements as floor planks, lift shafts and stairs.

William Haley Engineering continued to provide steel frames for primary and secondary schools nationwide. William Haley Engineering have constructed over 200 schools since 2001, a valued contribution to the school buildings renewal programme. Examples from 2025 are Oxlow Bridge in Dagenham & Cardinal Newman School in Coventry. 2025 was a quiet year for schools but we are hopefull that the Dept of Education will return to spending levels of previous years in 2026.

Other projects supplied with our steel frames were a large biotech laboratory, prisons, a transport hub and a number of army barrack re-developments.

Safety: Days lost in accidents (riddor system) were 7.5 (2024: 7.5). The average hours lost to accidents were 0.05% (2024: 0.05%). Certification to standard ISO 45001 was independently verified.

William Haley Engineering Limited

Strategic Report for the Year Ended 31 December 2025

Environment: The use of HVO fuel instead of diesel for cranes and cherry pickers is now well established across all sites. An electric side loader was purchased in 2025. Solar panels continue to provide the energy for 40% of the business requirements. IS0 14001 was independently verified.


Training: External training and assessment were given as follows; H&S awareness, Accounting level 3,SMSTS, manual handling, first aid, temp works, abrasive wheels, PASMA scaffolding, harness inspection, vehicle marshalling, overhead crane, , fire marshal, & mobile elevated work platform training,
The total external training undertaken was 154 days (2024: 114 days) 2.7 days/person (2024: 1.6 days/person).

Quality: The quality and reliability of manufactured pieces delivered to site was 98.65% (2024: 99.95%). ISO 9001 was audited and certification to the standard was maintained.

Improvements: 26 (2024: 16).

Investment: Capital expenditure was £190k the largest items were an electric side loader and new weld sets (2024: £250k).

Staff: The average number of employees was 58 (2024: 61). A staff bonus was paid at 11.44% of basic salary (2024: 2.87%).

Principal risks and uncertainties

Price Risk: The company’s activities expose it to several financial risks including market prices, credit, cash flow and liquidity.

Credit and Cash Flow Risk: The company’s credit risk is primarily attributable to its trade receivables. The company selects customers that have low credit risk and whose debts are insurable. Insurance claims were successful on two contractors that entered administration.

Liquidity Risk: The company maintains cash balances and therefore this risk is negligible.

Approved by the Board on 29 July 2026 and signed on its behalf by:

Mr Will Haley Director

William Haley Engineering Limited

Directors' Report for the Year Ended 31 December 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors of the company

The directors who held office during the year were as follows:

M O Bryant

Mr W J Haley

Mr Will Haley

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Financial instruments

Price risk, credit risk, liquidity risk and cash flow risk

Price Risk: The company’s activities expose it to several financial risks including market prices, credit, cash flow and liquidity.

Credit and Cash Flow Risk: The company’s credit risk is primarily attributable to its trade receivables. The company selects customers that have low credit risk and whose debts are insurable. Insurance claims were successful on two contractors that entered administration.

Liquidity Risk: The company maintains cash balances and therefore this risk is negligible.

Future Developments

The future developments of the business are included within the strategic report.

Approved by the Board on 29 July 2026 and signed on its behalf by:

Mr Will Haley Director

William Haley Engineering Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

William Haley Engineering Limited

Independent Auditor's Report to the Members of William Haley Engineering Limited

Opinion

We have audited the financial statements of William Haley Engineering Limited (the 'company') for the year ended 31 December 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

William Haley Engineering Limited

Independent Auditor's Report to the Members of William Haley Engineering Limited

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•	the financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of directors' remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

William Haley Engineering Limited

Independent Auditor's Report to the Members of William Haley Engineering Limited

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

•	the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
•	we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector;
•	we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment and health and safety legislation;
•	we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
•	identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

•	making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
•	considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

•	performed analytical procedures to identify any unusual or unexpected relationships;
•	tested journal entries to identify unusual transactions;
•	assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
•	investigated the rationale behind significant or unusual transactions.

William Haley Engineering Limited

Independent Auditor's Report to the Members of William Haley Engineering Limited

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

•	agreeing financial statement disclosures to underlying supporting documentation;
•	reading the minutes of meetings of those charged with governance;
•	enquiring of management as to actual and potential litigation and claims; and
•	reviewing correspondence with HMRC, relevant regulators and the company’s legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Joseph Doggrell BSc (Hons) FCA (Senior Statutory Auditor)
For and on behalf of Albert Goodman LLP, Statutory Auditor

Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

29 July 2026

William Haley Engineering Limited

Profit and Loss Account
for the Year Ended 31 December 2025

	Note	2025  £	2024  £
Turnover	3	19,370,718	16,921,858
Cost of sales		(14,927,975)	(14,666,183)
Gross profit		4,442,743	2,255,675
Administrative expenses		(1,695,372)	(1,480,188)
Operating profit	4	2,747,371	775,487
Interest payable and similar charges		-	(28,487)
Profit before tax		2,747,371	747,000
Taxation	8	(688,165)	(202,382)
Profit for the financial year		2,059,206	544,618

The above results were derived from continuing operations.

William Haley Engineering Limited

(Registration number: 01989247)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	9	1,066,100	1,078,353
Current assets
Stocks	10	372,906	741,720
Debtors	11	4,197,558	4,831,689
Cash at bank and in hand		784,481	1,165,293
		5,354,945	6,738,702
Creditors: Amounts falling due within one year	13	(1,929,818)	(3,380,194)
Net current assets		3,425,127	3,358,508
Total assets less current liabilities		4,491,227	4,436,861
Provisions for liabilities	14	(259,803)	(264,643)
Net assets		4,231,424	4,172,218
Capital and reserves
Called up share capital		20,000	20,000
Retained earnings		4,211,424	4,152,218
Shareholders' funds		4,231,424	4,172,218

Approved and authorised by the Board on 29 July 2026 and signed on its behalf by:
 

Mr Will Haley Director

William Haley Engineering Limited

Statement of Changes in Equity
for the Year Ended 31 December 2025

	Share capital £	Retained earnings £	Total £
At 1 January 2025	20,000	4,152,218	4,172,218
Profit for the year	-	2,059,206	2,059,206
Dividends	-	(2,000,000)	(2,000,000)
At 31 December 2025	20,000	4,211,424	4,231,424