Hercules Site Services Secures Wessex Water Civils Support Framework
Why we think this is good
The RNS announcement indicates that Hercules Site Services has secured a place on the Wessex Water Civils Support Framework, which is a significant contract win. The framework agreement is for a term of five years, with a possible extension of three more years, suggesting a long-term revenue opportunity. The scope of work covers various infrastructure projects, and Wessex Water has identified a need for substantial investment, which is a positive sign for Hercules. Overall, the news is positive, but it does not meet the criteria for a 'VERY_GOOD' rating as it does not involve an explicit profit upgrade or trading significantly ahead of expectations.
Key Points
- Hercules Site Services has secured a place on the Wessex Water Civils Support Framework
- The framework agreement is for a term of five years, with a possible extension of three more years
- Wessex Water has identified a need for £3.65 billion in investment for 2025-2030, more than double their previous spend
- The framework agreement covers various infrastructure projects across five different lots
Summary
Hercules Site Services plc has secured a place on the Wessex Water Civils Support Framework, a five-year agreement with a possible three-year extension. Wessex Water has identified a need for £3.65 billion in investment for 2025-2030, more than double their previous spend, which suggests a substantial growth opportunity for Hercules. The framework agreement covers various infrastructure projects, including site works, main laying, potable water infrastructure, wastewater infrastructure, and reservoirs.