HERCULES PLC
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Cash
£7.2M
+13.4% highest in 3 filed years
Net assets
£12M
+4.3% highest in 3 filed years
Employees
1,165
+53.7% highest in 3 filed years
Profit before tax
£852K
-62.1% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £79,770,000 | £101,934,000 | £121,245,000 | +18.9% | |
| Operating profit | £2,479,000 | £3,372,000 | £1,846,000 | -45.3% | |
| Profit before tax | £1,540,000 | £2,247,000 | £852,000 | -62.1% | |
| Net profit | £1,669,000 | £1,636,000 | £595,000 | -63.6% | |
| Cash | £4,151,000 | £6,393,000 | £7,247,000 | +13.4% | |
| Total assets less current liabilities | £22,311,000 | £27,152,000 | £28,466,000 | +4.8% | |
| Net assets | £8,657,000 | £11,700,000 | £12,200,000 | +4.3% | |
| Equity | £8,657,000 | £11,708,000 | £12,194,000 | +4.2% | |
| Average employees | 517 | 758 | 1,165 | +53.7% | |
| Wages | £26,991,000 | £43,358,000 | £64,571,000 | +48.9% | |
| Directors' remuneration | £641,000 | £1,283,000 | £1,775,000 | +38.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | 3.1% | 3.3% | 1.5% | |
| Net margin | 2.1% | 1.6% | 0.5% | |
| Return on capital employed | 11.1% | 12.4% | 6.5% | |
| Gearing (liabilities / total assets) | 81.2% | 75.4% | 77.5% | |
| Current ratio | 1.06x | 1.27x | 1.17x | |
| Interest cover | 2.64x | 2.85x | 1.27x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2025-05-19
- HERCULES PLC 2025-05-19 → present
- HERCULES SITE SERVICES PLC 2021-05-10 → 2025-05-19
- HERCULES SITE SERVICES LIMITED 2008-05-30 → 2021-05-10
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- S & W Audit
- Audit opinion
- Qualified
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- HERCULES PLC · parent
- Hercules (White Collar) Limited 60%
- Hercules (Training) Limited 100%
- Advantage NRG Ltd 100%
Significant events
- “In June 2025, the Group strengthened its labour supply capability through the acquisition of Advantage NRG, enhancing our presence in the power and energy sectors and further diversifying our skilled workforce offering.”
- “Work continued throughout the year towards a further acquisition of Lyons Power Services which completed post year end (October 2025).”
- “Acquiring the business and assets of Quality Transport Training Ltd (QTT) (June 2025) enhanced the capacity of the Hercules Academy, enabling us to scale training provision and support the UK's expanding infrastructure pipeline with a skilled, job-ready workforce.”
- “Hercules Site Services (Suction excavators) Ltd was in the process of being sold when the FY2024 accounts were compiled. The sale was concluded in February 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WHEATCROFT, Paul David | Secretary | 2021-05-10 | — | — |
| IPLIKCI, Ahmet | Director | 2022-02-04 | Oct 1970 | British,Turkish |
| KILNER, Richard Anthony | Director | 2022-02-04 | Apr 1956 | British |
| KORKMAZ, Brusk Kivilcim | Director | 2008-05-30 | Jun 1979 | British |
| PITMAN, Henry John | Director | 2022-02-04 | Oct 1962 | British |
| STEVENS, Robin | Director | 2022-02-04 | Sep 1953 | British |
| TEDHAM, Martin John | Director | 2024-09-10 | Oct 1960 | British |
| WHEATCROFT, Paul David | Director | 2020-03-02 | May 1959 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOWTON, Nicola | Director | 2020-03-02 | 2022-02-04 |
| FIELD, Paul | Director | 2020-03-02 | 2022-02-04 |
| SDG REGISTRARS LIMITED | Corporate Director | 2008-05-30 | 2008-05-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hercules Real Estate Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-02-10 | Ceased 2026-01-06 |
| Mr Brusk Kivilcim Korkmaz | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-02-10 |
Filing timeline
Last 20 of 111 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-14 RESOLUTIONS Resolution
- 2025-05-19 CERTNM Certificate change of name company PDF
- 2024-10-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-18 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2026-06-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-06-03 | AA | accounts | Accounts with accounts type group | |
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-14 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-19 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-05-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-14 | AA | accounts | Accounts with accounts type group | |
| 2024-10-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-30 | SH01 | capital | Capital allotment shares | |
| 2024-09-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-10 | SH01 | capital | Capital allotment shares | |
| 2024-09-10 | SH01 | capital | Capital allotment shares | |
| 2024-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-23 | AA | accounts | Accounts with accounts type full | |
| 2023-12-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 3
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.