Hercules Site Services (LON:HERC), a tech-enabled labour supply company, continues to impress with its strong performance and promising growth prospects. Founded in 2008 by CEO Brusk Korkmaz, the company has swiftly evolved into a key player in the UK infrastructure sector. Its ability to provide skilled labour and construction services has established Hercules as an indispensable partner for high-profile projects, including the HS2 rail network and the Sizewell C nuclear power plant.
With a revenue CAGR approaching 50% in recent years, Hercules shows no signs of slowing down. The company reported that its revenue for FY24 is expected to exceed £105 million, a significant leap beyond earlier forecasts. Peter Renton, Co-Head of Research at Cavendish, highlighted the company’s achievements, stating, “The group’s proven track record, highly experienced management team, and favourable industry backdrop support our view that Hercules remains attractively valued.”
Driving Growth in Labour Supply and Construction Services
Hercules derives approximately 75% of its revenue from its Labour Supply division, which focuses on providing skilled workers to infrastructure projects across the UK. The company has embraced technological advancements, launching mobile applications to streamline recruitment and onboarding processes. These innovations have been transformative, with around 80% of workers now sourced through Hercules’ proprietary job app.
