Cotswold-based labour supply company Hercules Site Services has provided an upbeat trading update for the year ended September 30.
The company, headquartered at South Cerney, expects both its revenue and adjusted EBITDA for FY23 to be ahead of market expectations. Revenue is expected to be over £80 million, representing an increase of around 60% on the prior year.
The average annual revenue growth for the last three years is over 50%. Each of Hercules’ three divisions delivered increased organic revenues, underpinned by the company’s ability to capitalise on continued growth in the infrastructure sector.
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.