Hercules Site Services PLC Civils Projects Division Update (9660M)
2023年9月20日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMHERC
RNS Number : 9660M
Hercules Site Services PLC
20 September 2023
20 September 2023
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 contracts with a combined value of over GBP3.1 million
since 1 May 2023 to deliver critical work for two major clients
relating to nine wastewater treatment and water management
projects.
The Civils Projects division has particular expertise in
executing projects in this sector and experienced a busy summer as
UK water companies face mounting pressure to increase the country's
water resilience.
As announced in the Company's interim results, revenue for the
division in H1 increased by 30% to GBP6.7m during the six months to
31 March 2023 (H1 2022: GBP5.1m). The Company's Civils Projects
team provides substantial opportunity for Hercules to cross-sell
its labour supply and suction excavator services to blue chip
clients.
The contracts are divided as follows:
-- GBP2.28 million awarded from Thames Water across six sites,
the largest contract being at Ufton Nervet WTW in West
Berkshire.
-- GBP895,000 awarded from Anglian Water across three sites, the
largest contract being at Towcester in Northamptonshire.
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 GBP10bn 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."
Change of Name of Joint Broker
The Company also announces that its Joint Broker has changed its
name to Cavendish Securities plc following completion of its own
corporate merger.
For further information and enquiries, please contact:
Hercules Site Services plc c/o SEC Newgate
Brusk Korkmaz (CEO)
Paul Wheatcroft (CFO)
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Matthew Johnson / Adam Cowl / Harry Davies-Ball
(Corporate Finance) +44 (0) 20 3470
Grant Barker / Rob Rees (Sales and Broking) 0470
Cavendish Securities Plc (Joint Broker)
Adrian Hadden / Charlie Combe (Corporate Finance) +44 (0) 20 7397
Dale Bellis (Sales) 8900
SEC Newgate (Financial Communications) +44 (0) 20 3757
Elisabeth Cowell / Ian Silvera / Matthew Elliott 6882
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDLLMATMTBBBIJ
(END) Dow Jones Newswires
September 20, 2023 02:00 ET (06:00 GMT)
Hercules Site Services (LSE:HERC)
過去 株価チャート
から 4 2024 まで 5 2024
Hercules Site Services (LSE:HERC)
過去 株価チャート
から 5 2023 まで 5 2024