“Another record year” on the cards for Hercules Site Services

Hercules Site Services, a Gloucestershire-based labour supply company for the infrastructure and construction sectors, is “expecting another record year” in its latest trading update.

Revenues for the 12 months ending 30 September 2024 are expected to exceed £105 million – up 24 per cent on the year prior.

Each of the company’s core divisions has grown its organic revenues, and Hercules recently secured £8 million of new investment via a placing and subscription. 

CEO Brusk Korkmaz said: “We’re thrilled to have delivered growth well ahead of the market’s expectations for the year, once again reaching new record highs and adding to our proven track record of achieving significant year-on-year growth.

“This is testament to the team’s ability to successfully seize exciting organic growth opportunities – such as our entry into new labour supply markets and the highly acclaimed launch of the Hercules Construction Academy – and to execute on the opportunities presented through our recent M&A.

“We have a lot to look forward to in the 2025 fiscal year.

“With a successful £8 million fundraise under our belt, we have the funds available to potentially acquire selected labour supply companies in the infrastructure sector, which is well supported by the new government.”

Hercules expects to publish full-year results in mid-January 2025.