{
 "as_of": "2026-11-06",
 "cmr": "uk-cm-kg/AIM/HERC",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# HERCULES PLC (AIM: HERC) — research page\n\nAs of 2026-11-06 · uk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is HERCULES PLC, listed on AIM under ticker HERC, with ISIN GB00BPVBVZ82 and LEI 213800P7Z6MXNSM4OQ50. Its security type is Corporate, its segment is ASQ1, and its sector is Construction and Materials [501010]. Its jurisdiction is England and Wales (Companies House jurisdiction field). The listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 60 filings in the twelve months to 2026-11-06, across 52 filing days. The median gap between filing days is 5 days. The median latency from the latest filing to the record date is 14 days for the issuer, against 4 days for AIM and 3.0 days for Construction and Materials [501010]. The latest filing is a newswire_release dated 2026-10-23. Median filings in the window are 33.5 for AIM and 42.5 for the sector, against 60 for the issuer. The median cadence gap is 7.0 days for AIM and 6.0 days for the sector.\n\n## Auditor\n\nThe auditor of record is S & W Audit, and its location is not on the record. Auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as the market's lifecycle type map is not yet in place. The halt flag is listed, not halted.\n\n## Orderability\n\nFor elective professional client, the outcome is not determinable, as the rule states a product scope and the subject's record carries no instrument class to place within it. For eligible counterparty, the outcome is not determinable on the same basis. The rule version is acm-68000/uk/product-governance-fca-prod-sourcebook/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations pages read. The count is 0.\n\n## Open research\n\nNo openly published research notes were found. The count is 0.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. The issuer has no sealed years on the record. The live record began on 2026-09-11. Years 2021 through 2026 are sealed in the store but not served as of a date, and the as-of door answers not_sealed.\n\n## Sources\n\n10 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (identity.exchange)\n- https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/HERC (identity.isin)\n- https://find-and-update.company-information.service.gov.uk/company/06607001 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://www.londonstockexchange.com/stock/HERC/hercules-plc/company-page (identity.sector)\n- https://mcp.uk-cm-kg.ai/events/AIM/HERC (the disclosure lines)\n- https://marketsecurities.fca.org.uk/officiallist (the halt flag)\n- https://herculesplc.com/wp-content/uploads/2023/08/Annual_report_2022.pdf (the auditor)\n- https://mcp.uk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.uk-cm-kg.ai/record/AIM/HERC (the record)\n",
 "market": "UK",
 "node": "uk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-11",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the UK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "Tavily regex · adjudicated by Claude",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://herculesplc.com/wp-content/uploads/2023/08/Annual_report_2022.pdf",
    "state": "filled",
    "value": "S & W Audit"
   },
   "auditor_firm_id": {
    "market": "UK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "UK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "uk-cm-kg/AIM/HERC",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [
    {
     "page": "https://static.lse.co.uk/research/download/c3fe5cff-8c81-45a7-bb01-3c82718b5294.pdf",
     "result": "not readable by this rail (403)"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 594,
     "median_cadence_gap_days": 7,
     "median_filings": 33.5,
     "median_latency_days": 4,
     "name": "AIM"
    },
    "sector": {
     "issuers": 36,
     "median_cadence_gap_days": 6,
     "median_filings": 42.5,
     "median_latency_days": 3,
     "name": "Construction and Materials  [501010]"
    }
   },
   "by_type": {
    "agm_record_date": 3,
    "ch_accounts_filed": 1,
    "ch_charge": 1,
    "ch_confirmation_statement": 1,
    "ch_psc": 2,
    "corporate_action": 2,
    "director_dealing": 11,
    "early_warning": 1,
    "financial_statement": 5,
    "halt_resume": 3,
    "newswire_release": 12,
    "regulatory_announcement": 18
   },
   "cadence_median_gap_days": 5,
   "filing_days": 52,
   "filings": 60,
   "latency_days": 14,
   "latest": [
    {
     "category": null,
     "date": "2026-10-23",
     "source": "https://www.globenewswire.com/news-release/2026/10/23/3387407/0/en/hercules-metals-announces-upsize-of-bought-deal-private-placement-of-common-shares-to-45-million.html",
     "title": "Hercules Metals Announces Upsize of \"Bought Deal\" Private",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-22",
     "source": "https://www.investegate.co.uk/announcement/rns/hercules-plc--herc/director-pdmr-shareholding/9836276",
     "title": "Director/PDMR Shareholding",
     "type": "director_dealing"
    },
    {
     "category": null,
     "date": "2026-10-21",
     "source": "https://www.investegate.co.uk/announcement/rns/hercules-plc--herc/trading-update-/9832815",
     "title": "Trading Update",
     "type": "financial_statement"
    },
    {
     "category": null,
     "date": "2026-10-15",
     "source": "https://www.businesswire.com/news/home/20261015055347/en/Hercules-Capital-Announces-Date-for-Release-of-Third-Quarter-2026-Financial-Results-and-Conference-Call",
     "title": "Hercules Capital Announces Date for Release of Third ...",
     "type": "newswire_release"
    },
    {
     "category": null,
     "date": "2026-10-08",
     "source": "https://www.businesswire.com/news/home/20261008298557/en/Hercules-Capital-Closes-Institutional-Notes-Offering-of-%24400.0-Million-6.700-Notes-due-2029",
     "title": "Hercules Capital Closes Institutional Notes Offering of $400.0 Million 6.700% Notes due 2029",
     "type": "newswire_release"
    }
   ],
   "latest_filing_date": "2026-10-23",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.uk-cm-kg.ai/events/AIM/HERC",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "AIM"
   },
   "isin": {
    "read_by": "LSE instrument reference record (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/HERC",
    "state": "confirmed",
    "value": "GB00BPVBVZ82"
   },
   "jurisdiction": {
    "read_by": "Companies House REST API (company profile) (jurisdiction field)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://find-and-update.company-information.service.gov.uk/company/06607001",
    "state": "confirmed",
    "value": "England and Wales (Companies House jurisdiction field)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN GB00BPVBVZ82)",
    "state": "sourced",
    "value": "213800P7Z6MXNSM4OQ50"
   },
   "name": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "HERCULES PLC"
   },
   "sector": {
    "read_by": "LSE issuer profile (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/stock/HERC/hercules-plc/company-page",
    "state": "sourced",
    "value": "Construction and Materials  [501010]"
   },
   "security_type": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "ASQ1"
   },
   "ticker": {
    "read_by": "LSE price explorer (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer (price-explorer feed api.londonstockexchange.com/api/v1/components/refresh, markets=AIM, categories=EQUITY, showonlylse=true)",
    "state": "sourced",
    "value": "HERC"
   },
   "website": {
    "read_by": "LSE issuer profile (exchange site)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.londonstockexchange.com/stock/HERC/hercules-plc/company-page",
    "state": "sourced",
    "value": "http://www.hercules-construction.co.uk"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "UK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "UK",
  "node": "uk-cm-kg",
  "numbers_hash": "sha256:5146573ec6dc4126bde98b58a8b066ab637299704c828d432e1229534b8f4876",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "elective professional client",
    "eligible counterparty"
   ],
   "outcomes": {
    "elective professional client": {
     "determinable": false,
     "reason": "the rule states a product scope and the subject's record carries no instrument class to place within it",
     "signal": null
    },
    "eligible counterparty": {
     "determinable": false,
     "reason": "the rule states a product scope and the subject's record carries no instrument class to place within it",
     "signal": null
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.uk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.uk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/uk/product-governance-fca-prod-sourcebook/r1",
   "section": "uk.aio.v16"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.uk-cm-kg.ai/record/AIM/HERC",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://marketsecurities.fca.org.uk/officiallist",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:5146573ec6dc4126bde98b58a8b066ab637299704c828d432e1229534b8f4876",
 "path": "/uk/AIM/HERC",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is HERCULES PLC, listed on AIM under ticker HERC, with ISIN GB00BPVBVZ82 and LEI 213800P7Z6MXNSM4OQ50. Its security type is Corporate, its segment is ASQ1, and its sector is Construction and Materials [501010]. Its jurisdiction is England and Wales (Companies House jurisdiction field). The listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 60 filings in the twelve months to 2026-11-06, across 52 filing days. The median gap between filing days is 5 days. The median latency from the latest filing to the record date is 14 days for the issuer, against 4 days for AIM and 3.0 days for Construction and Materials [501010]. The latest filing is a newswire_release dated 2026-10-23. Median filings in the window are 33.5 for AIM and 42.5 for the sector, against 60 for the issuer. The median cadence gap is 7.0 days for AIM and 6.0 days for the sector.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is S & W Audit, and its location is not on the record. Auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as the market's lifecycle type map is not yet in place. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For elective professional client, the outcome is not determinable, as the rule states a product scope and the subject's record carries no instrument class to place within it. For eligible counterparty, the outcome is not determinable on the same basis. The rule version is acm-68000/uk/product-governance-fca-prod-sourcebook/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations pages read. The count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found. The count is 0.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. The issuer has no sealed years on the record. The live record began on 2026-09-11. Years 2021 through 2026 are sealed in the store but not served as of a date, and the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "10 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.londonstockexchange.com/live-markets/market-data-dashboard/price-explorer"
  },
  {
   "for": "identity.isin",
   "source": "https://api.londonstockexchange.com/api/gw/lse/instruments/alldata/HERC"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://find-and-update.company-information.service.gov.uk/company/06607001"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "identity.sector",
   "source": "https://www.londonstockexchange.com/stock/HERC/hercules-plc/company-page"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.uk-cm-kg.ai/events/AIM/HERC"
  },
  {
   "for": "the halt flag",
   "source": "https://marketsecurities.fca.org.uk/officiallist"
  },
  {
   "for": "the auditor",
   "source": "https://herculesplc.com/wp-content/uploads/2023/08/Annual_report_2022.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.uk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "the record",
   "source": "https://mcp.uk-cm-kg.ai/record/AIM/HERC"
  }
 ],
 "title": "HERCULES PLC (HERC) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}