Another record year for Hercules Site Services
By David Wood | 13th January 2025
Hercules Site Services, a leading technology enabled labour supply company for the UK infrastructure and construction sector, has announced its audited results for the year ended September 30, 2024.

The South Cerney-headquartered company has enjoyed a further record year with Hercules delivering ahead of market expectations, with growth achieved across the group's labour supply and civil projects business.
Hercules achieved a 28% increase in revenue, a 34% increase in adjusted EBITDA and a 43% increase in adjusted pre-tax profit.
The company also saw a successful equity fundraising of £8m to support organic growth and acquiring other labour supply companies in the infrastructure market.
Corporate highlights included record demand and delivery, supplying labour resources to over 40 clients and 300 different project locations during the last year.
There was also a 35% increase in the average number of operatives deployed by the labour supply business to 1,150 (2023: average of 850)
Labour supply to HS2 (Birmingham section) increased from around 425 operatives at September 30, 2023, to around 630 at September 30, 2024.
The past year also saw the acquisition of Future Build which established the company's white collar and permanent recruitment offering.

Brusk Korkmaz, Hercules Site Services' chief executive officer, said: "We have yet again exceeded the market's expectations and achieved another record year, delivering growth across all our core performance metrics.
"In doing so, our revenue growth for the last three years since listing has averaged 48% (CAGR), a performance of which we are incredibly proud. Cross selling has continued to be a strong feature, and we have broadened our ability to maintain this trend, having delivered our first acquisition during the year. This has provided us with a solid footing in the white-collar and permanent recruitment market, complementing our blue-collar labour supply services.
"Looking ahead, our confidence for FY 2025 is fuelled by a strong pipeline and a positive start to trading in Q1. We anticipate further organic growth across our continuing operations, while our recent equity raise of £8m provides us with a strong balance sheet with which to fund our ongoing, targeted M&A strategy. Add to this the fact that the outlook for the infrastructure sector remains buoyant and we are positive that we are well positioned for the year ahead."
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