Hercules Site Services forecasts £105m turnover milestone with further growth predicted
Brusk Korkmaz is keen to stress that the company he started in his spare bedroom 16 years ago is very much the shareholders company now.The business is Hercules Site Services (LON:HERC) and since 2008 the tech enabled construction company has grown every year with the exception of the year when Covid impacted businesses globally.Korkmaz is delighted with the recent financial milestone the business has achieved – that of the anticipated £105 million turnover for FY24 which is well ahead of market expectations."We can confidently say that we are well placed to continue growing organically each year," says Korkmaz.Hercules supplies both labour and white collar staff to blue chip clients in the infrastructure and construction sectors. It also has a construction services division where it takes on civil projects in the water industry and has a much-used excavator hire service solution.Significantly it has novel and modern methods for recruitment. It opened its Construction Academy at the beginning of the year to upskill existing and train up new entrants and has a recruitment app which alerts workers to available opportunities.With some £775 billion earmarked for investment in the infrastructure and construction sectors over the next 10 plus years, Hercules is positioning itself for opportunity and to help it grow organically and by acquisition it has successfully raised £8 million for that purpose.For more investment and economics analysis plus inspiration please visit our website masterinvestor.co.uk (https://masterinvestor.co.uk/).