Construction firm Hercules Site Services has secured contracts with a combined value of £5.75m.
The Gloucestershire-based company, which specialises in recruitment for the UK’s infrastructure sector, announced its Civils Projects division had been awarded the contracts during the final quarter of 2023.
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These contracts will see the South Cerny-based company deliver work for two clients relating to eight wastewater treatment and water management projects. The Civils Projects division has expertise in executing projects in this sector and experienced a busy year in 2023 as UK water companies face pressure to increase the country's water resilience.
The contracts include £3.78m awarded from Thames Water across six sites, the largest being £2.2m at the sewage treatment works in Crawley. While £1.97m was awarded from Anglian Water across two sites, the biggest being £1.29m at the water pumping station in Etton, near Peterborough.
Paul Field, construction director, said: “These further wins are testament to our strong position as a trusted supplier to the UK water industry and build on the contracts previously announced in September with these two important clients.
“The UK water industry has pledged to invest £10 billion to provide a cleaner, safer infrastructure network, and Hercules is well placed to help deliver on this given our expertise in the space.”
In a trading update on October 17 for the year ended September 30, Hercules Site Services announced it expected revenue to be over £80m, representing an increase of 60% on the previous year of £49.5m. The The AIM-listed business, which has its head office in South Cerny near Cirencester, has experienced an average annual revenue growth for the last three years is over 50%.
On October 9 2023 the company won a contract to provide labour for a five-year deal by the rail arm of infrastructure group Balfour Beatty, as part of work on Network Rail's £44bn ‘Control Period 7’ (CP7) programme.
