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A Leading Technology Enabled Labour Supply Company for the UK infrastructure sector

Profitable and rapidly-growing:

Supplying skilled operatives and trades for the whole of the UK infrastructure sector;  from rail, roads, and water, to nuclear and airports. This is reinforced with strong pipeline of existing and upcoming projects.

Another year of growth:

Revenue has increased by 71% year on year to £84.7m (2022: £49.5m) and Adjusted EBITDA for the year was well above market expectations at £4.1m (2022: £2.3m), representing growth of 79%. Hercules have achieved over 50% YOY revenue growth for the past 3 years.

A compelling, growing opportunity:

C. £650bn of investment planned on UK infrastructure and construction projects over the next 10 years and labour deficit has put workforce supply high on the industry’s agenda.

Significant cross-selling capabilities:

Complementary project delivery services and specialist plant hire are considered by the Directors to increase the total value from client relationships.

Well-placed to gain market share:

Proven to attract a loyal workforce and blue-chip client base due to its award-winning app, digital capabilities and training/health & safety focus, which differentiates it from the competition. As well as introducing White Collar and Rail Divisions.

Defined strategy with growth opportunities: 

We completed our first acquisition (Future Build Recruitment) post period end, in November 2023, providing us with exposure to the growing white-collar and permanent recruitment market, and we have made excellent progress towards launching our Training Academy, which will open its doors Jan 2024

About HERCULES

The Directors believe Hercules’ agile, innovative, digital first approach and complete service offering fills a gap in the market and has helped attract the company’s blue-chip clients.

Labour supply is high on the industry’s agenda – demand is close to its 20 year high, compounded by demographic change and Britain’s exit from the EU. Companies expected to employ a local workforce and evidence the expected improvements as part of the delivery of large construction projects.

RESULTS, REPORTS & PRESENTATIONS

REGULATORY News

Interim Results

3rd June 2024

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Trading Update

13th May 2024

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Costain Labour Framework Agreement

15th April 2024

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Change of Joint Corporate Broker

28th March 2024

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Result of AGM

11th March 2024

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AGM Statement

11th March 2024

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SHAREHOLDER INFORMATION

As at 17th July 2024, Hercules Site Services plc has 63,422,415 shares in issue. No shares are held in treasury. In so far as Hercules Site Services plc is aware, the percentage of shares not in public hands is 78.62%.

Hercules Site Services plc has not applied or agreed to have any of its securities admitted or traded on any other exchanges or trading platforms other than the AIM market of the London Stock Exchange.

AIM RULE 26

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