NuGen Properties

Hercules eyes acquisitions

When Hercules raised £1.7m from shareholders last month, it said the money would be used to fund organic growth. Already it seems organic growth will not be enough and acquisitions are deemed necessary.

“With regards to potential acquisitions, we are progressing discussions with potential targets and look forward to updating the market at the appropriate time,” said chairman Henry Pitman.

“Our pipeline for 2023 looks robust across all three of our business units and, as outlined in our full year results, trading in the current financial year has begun positively. As well as increased momentum on the HS2 rail project from London to Birmingham, we expect further growth to come from new contracts for our labour supply, suction excavator and civil projects divisions, driven by the buoyant conditions in the infrastructure market at present.”

He added: “The board of Hercules remains confident about the outlook for the company. We have to navigate through the current challenging economic climate similar to other UK businesses, but we are experiencing unprecedented demand for our services due to the multi-billion-pound infrastructure commitments made by the UK government and private enterprises.”

Got a story? Email [email protected]

Source link

Customer Reviews

Nugen Properties

Customer Reviews

Dan Morten 18/01/22

Easy to work with, Jordan and the team were professional and were easy to communicate with.
Would highly recommend.

Di Hayes 20/08/22

NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

Bradley Eyles 20/06/23

Nugen were fantastic throughout the works they carried out on my property, Jordan provided constant updates and ensure any questions I had were always answered. All works were completed in a timely fashion, on budget and exceptional customer service. Highly recommend!

Sonny Carter-heyward 29/02/22

Brilliant service, renovated my house to make a dream a reality. Thanks guys

sitemanager 22/01/23

Great firm to communicate with fast and good quality work.