Construction services firm Hercules secures funding for growth plans

Construction firm Hercules Site Services has said it has secured a debt facility of up to £15m to fund its growth plans.

The Gloucestershire-based company said the three-year invoice discounting debt facility, provided by IGF Business Credit, would replace an existing facility of £11m from a previous provider.

The London-listed firm, which supplies labour for major national infrastructure projects, said the increased funding capacity would provide the headroom required to support its working capital needs, amid a growth in demand across all its business divisions.

Hercules Site Services plc (LON:HERC) is a collaborative, innovative company delivering services of the highest standards within the Civil Engineering sector of the construction industry.

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