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Gloucestershire Business News

Hercules posts £54m revenue in half-year

Hercules Site Services, a leading technology-enabled labour supply company for the UK infrastructure and construction sectors, expects revenue to be more than £54 million for the first six months of the company's financial year.

The company, headquartered at South Cerney, has provided a trading update for the six months ended March 31, 2025, based on unaudited management accounts for the period.

Hercules says it is trading in line with market expectations. Its revenue forecast represents an increase of about 17% on continuing operations compared to the six months ended March 31, 2024 (£46.2m).

The company's revenue growth has been underpinned by continuing momentum at key infrastructure sites in the UK, and boosted by government commitments to the sector, reinforcing its strategy to focus on its labour supply business.

Brusk Korkmaz, Hercules chief executive officer, said: "We are delighted with the progress made in the first half of the financial year. We are trading in line with expectations and have delivered another period of good revenue growth, supported by a strong operational performance.

"The company saw a significant increase in tender enquiries during Q2 and into Q3 across the water, highways, rail, power, oil & gas, and energy sectors, reflecting the growing confidence in UK infrastructure investment.

"Notably, we are well-positioned to benefit from the OFWAT approved £104bn investment in the water sector as AMP8 commences, which presents significant long-term opportunities for our civil projects and labour supply divisions.

"We remain confident in our strategy, the strength of our team, and our ability to deliver sustainable growth for the remainder of 2025 and beyond."

Hercules will publish its interim results in mid-June.

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