Hercules Site Services
Hercules Site Services plc

Hercules Site Services plc share price, company news, analysis and interviews

Hercules Site Services plc (LON:HERC) is a collaborative, innovative company delivering services of the highest standards within the Civil Engineering sector of the construction industry.

With four divisions within our organisation, we have the capability to supply skilled labour, deliver complete civils projects, hire out our state-of-the-art suction excavators and other plant, and provide digital solutions for construction recruitment and workforce management.

LABOUR SUPPLY

We take great pride in being able to supply a vast number of trades with quick turnaround times. Our dedicated Operations and Resource Teams, bespoke Personnel Management System and award-winning Mobile Recruitment app mean that we always have the right operative for the job in the right location and can fulfil client requirements with agility and flexibility.

By embedding initiatives such as Fairness, Inclusion and Respect (FIR) into our company culture and partnering with organisations to combat issues such as modern slavery and diversity in construction, we continue to demonstrate our commitment to improving the lives of our workforce. As one of only a few labour suppliers in the country to have achieved BES 6002 Ethical Labour Sourcing, you can rest assured that any operative we supply will be happy, healthy and trained to the highest of standards.

CIVILS PROJECTS

Working as a strategic partner with the UK’s top tier Contractors, our committed team of experienced and qualified staff continue to build long-standing relationships with our clients that are built on reputation, integrity and trust.

We operate with pride to deliver on what we promise, where zero-harm to our workforce, our clients, our stakeholders and the environment, is our fundamental priority.

Through a passion for early involvement and with our directly employed, experienced workforce, supported by an extensive, modern plant fleet, we pride ourselves on our ability to be highly responsive, innovative and flexible.

We strive to offer our clients performance certainty, delivering high quality projects on time and with cost assurance.

Hercules Site Services
Hercules Site Services

SUCTION EXCAVATOR HIRE

With over 20 years of experience in the construction industry, we have a deep understanding of the challenges faced by our customers. We have invested significantly in our fleet of high-quality suction excavators, enabling us to provide a safe and efficient alternative to traditional excavation solutions for a wide range of industries.

Our suction excavators are ideal for a range of applications. Equipped with powerful suction technology, our suction excavators can quickly and safely remove soil, sand, and other materials without damaging underground utilities. We pride ourselves on our state-of-the-art equipment that is reliable, durable, easy to use and able to withstand the rigors of daily use.

Hercules Site Services
Hercules Site Services

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Hercules Site Services

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Hercules Site Services Deliver an Incredible Year and Excited for the Future (VIDEO)

Hercules Site Services Plc (LON:HERC) CEO Brusk Korkmaz and CFO Paul Wheatcroft join DirectorsTalk to discuss the company’s journey and its recent developments.

Hercules Site Services, a leading technology-enabled labour supply company in the UK infrastructure sector, has seen significant growth since its inception in 2008 and subsequent listing on the stock exchange in 2022. The interview covers the company’s growth trajectory, its strategies for expansion, including the acquisition of 60% of Future Build Recruitment to enter the white-collar sector, and a detailed review of their impressive trading update for the year ending September 2023. We also gain an understanding of Hercules Site Services’ current position, future prospects, and the dynamic leadership driving its success.

https://vimeo.com/891402827

Hercules Site Services, is a leading technology enabled labour supply company for the UK infrastructure sector.

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Hercules Site Services

Hercules Site Services Strengthens Growth Prospects Following Strategic Divestment – Equity Development

Hercules Site Services (LON:HERC) has taken a bold step forward in its growth journey by successfully completing the divestment of its Suction Excavators business. This strategic move, first announced in January, marks a significant milestone as the company sharpens its focus on high-growth opportunities within its core Labour Supply and Civils Projects businesses.

A More Focused and Profitable Hercules

With the divestment now complete, Hercules emerges as a leaner, more agile business poised for long-term expansion. The company sold the Suction Excavators unit to SNC Holdings (NW) Limited for a total cash consideration of £2.4 million. The transaction substantially reduces net debt and lease liabilities by approximately £9 million, providing Hercules with greater financial flexibility to pursue its ambitious growth strategy.

James Tetley, analyst at Equity Development, highlights the impact of this transaction, stating, “The result is a more focused group with high growth characteristics, a cash generative business model, and a strong balance sheet. Hercules now has greater firepower to execute its ambitious organic and acquisitive growth strategy.”

Building on a Record Year

Despite broader economic uncertainties, Hercules has continued to deliver impressive financial performance. The company recently reported another record-breaking year, with revenue surpassing £100 million. This strong momentum reinforces its consistent growth trajectory, demonstrated by a remarkable compound annual growth rate (CAGR) of 48% over the past three years since listing.

The company’s valuation remains attractive, with a fair value estimate of 70p per share. Key financial metrics include a forecasted EV/EBITDA of just 7x and a price-to-earnings (P/E) ratio of under 14x for FY25, highlighting the company’s compelling investment case.

Strong Foundations for Future Growth

Having strengthened its balance sheet and refocused on its core strengths, Hercules is well-positioned to capitalise on the UK’s thriving infrastructure sector. The company’s proven ability to scale rapidly, combined with its strategic clarity, sets the stage for sustained profitability and value creation.

Final Thoughts

Hercules Site Services’ decision to streamline its operations by divesting non-core assets has placed the company on a stronger growth path. With a solid financial footing, a clear strategic direction, and a track record of exceeding expectations, Hercules is an exciting company to watch in the UK infrastructure space.

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