A Leading Technology Enabled Labour Supply Company for the UK infrastructure sector
Profitable and rapidly-growing labour supply company:
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:
FY2022 can be summarised as a year of growth, which has seen us increase revenue year on year by approximately 51% to £49.5m (FY2021: £32.7m). Adjusted EBITDA for the year, was in line with market expectations at £2.3m (FY2021: £2.4m). This set of results covers our first eight months as a listed company, as well as the five months in the lead up to our listing on the London Stock Exchange, AIM market, in February 2022.
A compelling, growing market 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 Security Divisions.
A deﬁned strategy with multiple growth opportunities:
Organic expansion and market penetration of existing businesses, potential licensing of new digital apps and acquisition opportunities in fragmented sector.
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.
As at 1st August 2023, Hercules Site Services plc has 62,427,984 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 80.72%.
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.