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Revenues soar as civil engineering firm Hercules Site Services secures deals worth more than £3 million

20 September 2023
The Business Magazine article image for: Revenues soar as civil engineering firm Hercules Site Services secures deals worth more than £3 million
Hercules Site Services

Gloucestershire-based civil engineering firm Hercules Site Services has announced that it has secured contracts with a value of over £3.1 million.

The company told investors today (Wednesday) that it has been awarded the contracts to deliver "critical" work for two "major clients" relating to nine wastewater treatment and water management projects in West Berkshire and Northamptonshire.

Read more: Hercules Site Services updates progress on new £multi-million Warwickshire training centre

Revenue was up 30 per cent to £6.7 million for the six months to 31 March 2023, the London Stock Exchange was told.

The Cirencester-based firm said its Civils Projects division has particular expertise in executing projects in this sector and experienced a busy summer as UK water companies faced pressure to increase the country's water resilience.

The team provides substantial opportunity for Hercules to cross-sell its labour supply and suction excavator services to blue chip clients, it added.

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Paul Field, construction director, commented: "H2 2023 kicked off to a busy start and the team's extensive experience in the water sector has enabled us to secure a significant portfolio of work as companies in this space focus on resolving a range of well-documented issues.

"With UK water companies pledging to invest £10bn for the next seven years to 2030, we are well positioned to meet increasing demand for our specialist services, while also contributing to a cleaner, safer infrastructure network."

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.

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