Hercules lands £25M funding package with IGF
What's the deal? Hercules Site ServicesDealroom has a profile for this one. Try Dealroom → (AIM: HERC) has secured a £25 million post-IPO debt package with IGFDealroom has a profile for this one. Try Dealroom → Business Credit, the UK infrastructure and construction services firm announced.
The package includes an invoice discounting facility of up to £20 million and £5 million in term loans.
That working capital line marks a 25% jump from the company's previous £16 million facility, and is renewable in three years.
Why now? Of the £5 million in term loans, £4 million will fund the final earn-out payment to the former owners of Advantage NRGDealroom has a profile for this one. Try Dealroom →, which Hercules acquired in June 2025.
The remaining funds support operations across the company's labour supply and construction services divisions.
"The increased working capital facility provides additional capacity to support our continued growth," said chief executive officer Brusk Korkmaz, adding that the term loans help meet obligations from the Advantage NRG deal.
What could go wrong? The term loans carry a variable rate set at 5% above base.
One £2.5 million loan amortises over five years; the other is repayable in full at the end of that period. Rising rates would lift the cost of both.
The signal: The package underscores Hercules's breakout-stage trajectory, with lenders backing the company's acquisition-led growth across UK infrastructure and construction. The enlarged invoice discounting line gives the firm the flexible working capital that often determines who can scale in a sector where cash flow timing is critical.
Read more: Investing.com
