REG - Hercules Site Svcs - Civils Projects Division Update

Hercules Site ServicesAnnouncement

03/01/2024 07:15

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RNS Number : 3729Y  Hercules Site Services PLC  03 January 2024

 

 

3 January 2024

 

Hercules Site Services plc

 

("Hercules" or the "Company")

Civils Projects Division Update

 
 

Hercules Site Services plc (AIM: HERC), a leading technology enabled labour
supply company for the UK infrastructure sector, is pleased to announce that
its Civils Projects division has been awarded further contracts with a
combined value of £5.75 million during Q4 2023, the first quarter of the
Company's new financial year. These contracts will see Hercules deliver
critical work for two major clients relating to eight wastewater treatment and
water management projects.

 

The Civils Projects division has extensive expertise in executing projects in
this sector and experienced a busy year in 2023 as UK water companies face
mounting pressure to increase the country's water resilience.

 

The contracts are divided as follows:

 

·    £3.78 million awarded from Thames Water across six sites, the
largest contract being £2.2 million at the sewage treatment works (STW) in
Crawley, West Sussex

·    £1.97 million awarded from Anglian Water across two sites, the
largest contract being £1.29 million at the water pumping station in Etton,
near Peterborough

 

Paul Field, Construction Director, commented: "These further wins are
testament to our strong position as a trusted supplier to the UK water
industry and build on the contracts previously announced in September with
these two important clients.

 

"The UK water industry has pledged to invest £10 billion to provide a
cleaner, safer infrastructure network, and Hercules is well placed to help
deliver on this given our expertise in the space."

 

 

 

For further information and enquiries, please contact:

 

 Hercules Site Services plc                                                             c/o SEC Newgate

 Brusk Korkmaz (CEO)

 Paul Wheatcroft (CFO)

 SP Angel (Nominated Adviser and Joint Broker)                                     +44 (0) 20 3470 0470

 Matthew Johnson / Adam Cowl / Harry Davies-Ball (Corporate Finance)

 Grant Barker / Rob Rees (Sales and Broking)

 Cavendish Securities plc (Joint Broker)                                           +44 (0) 20 7397 8900

 Adrian Hadden / Charlie Combe / Dale Bellis (Sales and Broking)

 SEC Newgate (Financial Communications)                                           +44 (0) 20 3757 6882

 Elisabeth Cowell / Ian Silvera / Matthew Elliott                      Hercules@secnewgate.co.uk

 

About Hercules Site Services PLC

 

Hercules is a leading tech enabled labour supply company for the UK
infrastructure sector. Founded in 2008, Hercules has an established track
record of profitability and fast-growth and has built a blue-chip customer
base which includes Balfour Beatty, Costain, Kier, Skanska, Dyer & Butler
and Volker Fitzpatrick. The Company has been appointed to provide labour for a
range of high-profile infrastructure projects, such as HS2, due to its agile,
innovative, digital first approach and complete service offering. It is
well-placed to benefit from any government increase in infrastructure spending
and its experienced management team has identified multiple opportunities for
growth.

 

 

 

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