Top 100: Didn't it turnout nice afterall!
After starting the year saying it didn't expect its three years of growth at 55 per cent to continue, newly AIM-listed Cotswold construction business Hercules has revealed quite the opposite.
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At the start of this year Cotswolds-headquartered Hercules Site Services was predicting a slow-down in growth after three consequentive years at 55 per cent.
The Cirencester-based plc supplies labour to the civil engineering sector for the likes of highways projects and to the rail industry and specialised operators for the water sector.
As it summed up its first full year of trading as an AIM-listed company Hercules said it did not predict such high levels of organic growth to continue, although it did say its pipelines for 2024 remained “robust”.
Then at the end of March it released its interim results and in a change of tune revealed its growth remained impressive, with revenues rising from £37 million to £48.8 million for the period.
It’s now made it official just how good 2024 has actually turned out with a trading statement for the year ending 30 September saying it expects to reveal record results with revenues of more than £105 million - an increase of 24 per cent on the year before (£87 million).
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