31st Aug 2022 18:02
Hercules Site Services PLC - Cirencester, England-based labour supply company for the infrastructure sector - Enters lease agreement for an industrial site in Nuneaton, West Midlands, around 15 miles from the HS2 phase one site.
Site will be used initially for storing plant, machinery and suction excavators as Hercules continues to supply labour for the construction of HS2. Facility will also be used by civil projects to service new fibre broadband work in the East Midlands region for training purposes.
Site is being leased from shareholder and related party Hercules Real Estate Ltd.
"We are very pleased to have entered into this agreement with HRE as it marks the first step in the company's stated strategy to develop a training academy to provide much needed skills for the infrastructure sector in a bid to help tackle the UK's skills shortage. We believe the site in the West Midlands will provide the company with an important base for the region and the north of England, where Hercules is experiencing an increase in work across all business areas," says Chair Henry Pitman.
Current stock price: 57.00 pence
12-month change: up 6.5%
By Dayo Laniyan; [email protected]
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