{"id":817765,"date":"2025-01-07T03:11:26","date_gmt":"2025-01-07T09:11:26","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/07\/hercules-quits-suction-excavator-business\/"},"modified":"2025-01-07T03:11:26","modified_gmt":"2025-01-07T09:11:26","slug":"hercules-quits-suction-excavator-business","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/07\/hercules-quits-suction-excavator-business\/","title":{"rendered":"Hercules quits suction excavator business"},"content":{"rendered":"<div>\n<figure>\n<p><a href=\"http:\/\/www.theconstructionindex.co.uk\/assets\/news_articles\/2025\/01\/1736150413_1646901457-hercules-mp-18sept2020-25.jpg\" title=\"Hercules has a fleet of 30 suction excavators\"><img decoding=\"async\" src=\"http:\/\/www.theconstructionindex.co.uk\/img-cache\/5ac21dbe391d9b44a9acc01b0b48d9f0\/750x500_top_1736150413_1646901457-hercules-mp-18sept2020-25.jpg\" alt=\"Hercules has a fleet of 30 suction excavators\" loading=\"lazy\"><\/a>\n<\/p><figcaption>Hercules has a fleet of 30 suction excavators<\/figcaption><\/figure>\n<p>Since floating on AIM, the alternative investment market of the London Stock Exchange, in February 2022, Hercules Site Services has grown its fleet of suction excavators from nine machines to 30.<\/p>\n<p>The machines were very much a passion of company founder and chief executive of Brusk Korkmaz but the arrival of new investors in recent months have prompted a strategy shift.<\/p>\n<p>The suction <a href=\"https:\/\/www.theconstructionindex.co.uk\/search\/excavator?utm_source=tci_news&#038;utm_medium=auto_keyword_link\" title=\"Search for suppliers of Excavator\" target=\"_blank\">excavator<\/a> business has now been deemed to be a non-core activity and is to be divested.<\/p>\n<p>In the financial year to 30th September 2024, Hercules\u2019 suction <a href=\"https:\/\/www.theconstructionindex.co.uk\/search\/excavator?utm_source=tci_news&#038;utm_medium=auto_keyword_link\" title=\"Search for suppliers of Excavator\" target=\"_blank\">excavator<\/a> business accounted for less than 5% of group revenue but 88% of its consolidated debt (excluding invoice discounting). Getting out will therefore substantially reduce debt levels and increase free cash flow. <\/p>\n<p>The company said that the proposed divestment would enable it to dedicate greater resources to its core construction labour supply business.<\/p>\n<p>When Hercules posts its 2024 results next week the suction <a href=\"https:\/\/www.theconstructionindex.co.uk\/search\/excavator?utm_source=tci_news&#038;utm_medium=auto_keyword_link\" title=\"Search for suppliers of Excavator\" target=\"_blank\">excavator<\/a> business results will be shown under discontinued operations.\u00a0 <\/p>\n<p><b>Got a story?<\/b> Email <a href=\"http:\/\/www.theconstructionindex.co.uk\/mailto:ne**@*********************co.uk\" data-original-string=\"wdxitmrDoANBSJFRQBzd+w==7f4n4HpomRHSYIM7K3bLSg2a1mLlewBhzH3PMGZ2yNcIywqS5gl9b6b1cwgUc2YaQjlgfvSlWFKXemAA6V9l5svWA==\" title=\"This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.?subject=News%20Story\"><span \n                data-original-string='0GjDUwlfM3W6od0zhTENXA==7f4Bd8dVI03YE+aHHGxni15euQY5bZDXYKVUcm+o3hzb90='\n                class='apbct-email-encoder'\n                title='This contact has been encoded by Anti-Spam by CleanTalk. Click to decode. To finish the decoding make sure that JavaScript is enabled in your browser.'>ne<span class=\"apbct-blur\">**<\/span>@<span class=\"apbct-blur\">*********************<\/span>co.uk<\/span><\/a><\/p>\n<\/div>\n<p><a href=\"https:\/\/www.theconstructionindex.co.uk\/news\/view\/hercules-quits-suction-excavator-business\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n The Construction Index<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hercules has a fleet of 30 suction excavators Since floating on AIM, the alternative investment market of the London Stock Exchange, in February 2022, Hercules Site Services has grown its fleet of suction excavators from nine machines to 30. The machines were very much a passion of company founder and chief executive of Brusk Korkmaz<\/p>\n","protected":false},"author":1,"featured_media":817766,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123683,4071],"tags":[],"class_list":{"0":"post-817765","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hercules","8":"category-quits"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/817765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=817765"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/817765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/817766"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=817765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=817765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=817765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}