Hargreaves Services
HSP · AIM · Industrial Goods and Services · mcap £261m · 864.0p 5 open situations →
Open · 5
UK Deposit Return Scheme logistics contract
On 30 Sep 2026 Hargreaves was named preferred bidder for a long-term logistics contract with Re.Group on the UK Deposit Return Scheme in Scotland, covering collection, transport and transfer station services. Terms are not final and no value is stated. Operations are expected to start in October 2027, when the DRS is due to launch.
- Customer
- Re.Group, Australian recycling and resource recovery company 30 Sep 2026 ↗
- Scope
- Collection, transport and transfer station services for the DRS in Scotland 30 Sep 2026 ↗
- Status
- Preferred bidder, announced 30 Sep 2026; contract not yet signed 30 Sep 2026 ↗
- Next milestone
- Finalise contractual terms in the weeks ahead; financial terms announced on signature 30 Sep 2026 ↗
- Start date
- Operations expected to commence in October 2027 30 Sep 2026 ↗
Next: finalise contract terms with Re.Group; financial terms announced on signature
- 30 Sep 2026 Preferred bidder; contract terms not yet signed
1 director buying
- 17 Aug 2026 A director £4,020k
Renewable energy land asset disposals
Led to Tender offer – paid, closed 8 May 2026
Tungsten West notified termination of the Hemerdon mining services contract in April 2026, with a £7m compensation fee agreed. The final results describe the contractual position as settled, which ends the open issue. The compensation was payable by 15 May 2027.
- Compensation
- £7m fee, payable no later than 15 May 2027 (per earlier announcement)
- Status
- Contractual position with Tungsten West plc settled
- 29 Jul 2026 Contractual position settled
- 8 Apr 2026 Termination notified; compensation agreed
- 28 Jan 2026 First tranche sold, £8.8m cash received
- 20 Oct 2025 First tranche sold; top-up due by Sept 2029
Duisburg zinc recycling facility
The Duisburg zinc recycling investment was proposed in January 2026. The final results say progress is in line with plan and commissioning is expected to start in early 2028. Gordon Banham will oversee its development after stepping down as CEO.
- Next milestone
- Commissioning expected to commence in early 2028
- Progress
- In line with plan
- Oversight
- Gordon Banham from 31 July 2026
Next: commissioning to commence
- 29 Jul 2026 In build, on plan; commissioning early 2028
- 28 Jan 2026 Investment proposed, project initiated
Lower Thames Crossing earthworks
Next: Enterprise Agreement for main Roads North earthworks; subcontract start late FY26
- 5 Mar 2026 £10m subcontract awarded; main works in discussion
Closed · 4
Company filings. Not investment advice.