Hargreaves Services AIM:HSP
- Founded
- 1994 · Durham, England
- Incorporated
- United Kingdom
- Chief executive
- Gordon Banham
- Employees
- 1,469
- Reports in
- GBP
- Companies House
- 04952865
Industrial and environmental services group providing earthmoving, materials handling and infrastructure services, land regeneration and property development on former industrial sites, and a share of a German joint venture producing specialist raw materials. Transformed itself from a coal distributor into services and land value realisation.
Read straight from the annual reports
836p at close on 2 Oct 2026 · 12 reported years, 2015–2026
| Line | FY201505/15 | FY201605/16 | FY201705/17 | FY201805/18 | FY201905/19 | FY202005/20 | FY202105/21 | FY202205/22 | FY202305/23 | FY202405/24 | FY202505/25 | FY202605/26 | FY2027unreported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | later 342.7 | ||||||||||||
| Gross profit | later 32.9 | ||||||||||||
| Operating profit | later 1.4 | ||||||||||||
| Adjusted operating profit | later 1.8 | later 6.6 | |||||||||||
| Exceptional items | — | — | |||||||||||
| Net finance cost | |||||||||||||
| Profit before tax | later 4.7 | later 32.2 | |||||||||||
| Adjusted profit before tax | later 3.0 | — | — | — | — | — | |||||||
| Tax charge | later (0.57) | ||||||||||||
| Profit for the year | later 34.7 | ||||||||||||
| EBITDA | |||||||||||||
| Adjusted minus statutory PBT | — | — | — | — | — | ||||||||
| Basic EPS | |||||||||||||
| Diluted EPS | |||||||||||||
| Adjusted EPS | |||||||||||||
| Dividend per share |
GBP millions, negatives in brackets. Per-share lines in pence, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
12 years, at a glance
Dashed: Operating margin, in % on its own scale — read its shape, not its height against the bars.
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Term and framework contracts in Services (over 70 contracts) providing visibility of >70% of next year's budgeted revenue
"Strong contractual position – over 70 term and framework contracts, more than 70% of next year's budgeted revenue already secured"
page 6Major UK infrastructure projects (HS2, Sizewell C)
HS2 contract is largest individual contract, revenue £54.9m (23.7% of Services revenue in 2024, 22.5% in 2025 context); Sizewell C construction contract revenue £100.0m in FY25 (2024: £63.2m)
page 14Escalation clauses in term/framework contracts
"Contracts largely resistant to inflation due to escalation clauses"; Services contract portfolio contains escalation clauses insulating the Group from inflationary pressures
page 6Mix shift to higher-margin, high-quality contracts in Services
Services underlying net margin increased to 6.5% (2024: 5.6%) reflecting focus on high quality contracts in areas of core competence
page 14£191k charge: Amortisation of intangible assets (added back to UPBT/EBITDA)
page 66"This year has seen substantial progress in securing additional opportunities as the business has capitalised on the momentum it has built over the last few years." — Roger McDowell, Group Chair
page 12Simon Hicks appointed Chief Operating Officer effective 1 June 2025 (after the 31 May 2025 year end); David Anderson (Group Property Director) resigned 31 May 2025
page 12Progressive dividend policy. Interim dividend of 18.5p paid April 2025 (2024: 18.0p); Board recommends final dividend of 18.5p (2024: 18.0p), bringing full-year dividend to 37.0p (2024: 36.0p), a 2.8% increase. Proposed final dividend to be paid 3 November 2025 to shareholders on the register at 26 September 2025 (ex-dividend 25 September 2025); not provided for in these financial statements as not approved before year end.
page 13Directors adopted the going concern basis; cash of £23.3m at 31 May 2025 plus an undrawn £12m invoice discounting facility with Santander (committed to 31 October 2026) support a reasonable expectation of adequate resources for at least 12 months. Auditor (PwC, signed by Jonathan Greenaway) issued an unmodified/unqualified opinion that the financial statements give a true and fair view, identified no material uncertainty regarding going concern, and reported three key audit matters: valuation of Blindwells land inventory, judgement on HS2/Sizewell C contract revenue and provisions, and risk of impairment to parent company investments in subsidiaries. Overall group materiality was £2,644,000 (1% of revenue); company materiality £1,940,000 (1% of total assets).
page 64Read from C000601-AR-2026-website.
11 annual reports read, FY2016 to FY2026
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Companies House (10), Company website (1)
FY2027Next report expected 6 Aug 2027