Revenues soar by 27 per cent at Gloucestershire recruiter

Recruitment firm Hercules Site Services saw revenues soar by 27 per cent to £47m for the first six months of the year.

The Gloucestershire recruiter supplies staff for the UK infrastructure sector.

The company said it is trading in line with market expectations for the full year to 30 September 2024, with revenue expected to be over £47m for the first six months of the financial year.

All income streams grew, each with their own individual drivers, underpinned by the substantial demand in the infrastructure sector.

Hercules will publish its Interim Results next month.

Chief executive and founder Brusk Korkmaz said: “We have delivered further revenue growth in the first half of this financial year and gained a number of new contracts, including over £5m in civil projects and signed a significant new framework agreement with Costain.

“The integration of Future Build Recruitment following our acquisition of the business in December 2023 is progressing well and we are already seeing cross-selling and upselling opportunities from our existing clients.

“As the UK continues to face a skills shortage, the Hercules Construction Academy successfully opened in January 2024 and is already developing a reputation for delivering first class training and the upskilling of workers across the industry. The site, based in the West Midlands, also gives us a strategic foothold in the heart of England.

“We are trading in line with expectations and, with continuing strong momentum in the infrastructure sector including highways, energy and water, we look forward to the rest of this financial year with confidence.”