£133 million order book for Silverdell PLC
Silverdell PLC, the Specialist Environmental Support Services group, has been awarded a number of contracts in May totalling £3.58 million.
Silverdell PLC, the Specialist Environmental Support Services group, has announced that it has been awarded a number of contracts in May totalling £3.58 million. The contracts include one in Canada for an International Specialist Material Company, which will deliver £1.25 million of revenues in the second half of the current financial year. The Canadian contract is an important step in Silverdell’s broader strategic initiative to penetrate a number of regulated international markets. Under the terms of the contract the company will carry out asbestos removal works as sole provider to a major decommissioning project.
Additionally, Silverdell is pleased to confirm that the £0.5m of major rail infrastructure works in the South East, announced back in April of this year, is likely to be for a materially higher contract value and is now anticipated to form part of a larger framework contract to include up to 72 stations over the next 7 years.
These contracts further boost the Company’s order book which, as of 31 March 2012, stood at a record high of £133 million, £33 million of which relates to the second half of the current financial year (2011 H2 order book was £24 million and H2 2011 revenues of £32 million reported) underpinning their confidence in meeting full year expectations.
Sean Nutley, Chief Executive Officer for Silverdell PLC, said:
“These contracts demonstrate the on-going successful implementation of our growth strategy. The work in Canada marks an important first stage in our penetration of certain international markets in which asbestos management is highly regulated. Canada has a great deal of potential in this regard. The further UK Rail framework contract continues to enhance the quality of our earnings and shows the strengthening of our relationships with major customers in sectors where there is significant and ongoing investment. We see compelling opportunities to continue to expand in the UK Rail sector.
“Our record order book gives us a high degree of visibility and, consequently, we continue to look forward to the future with confidence.”
For further information on the Silverdell Group companies please visit:
Silverdell (UK) Limited www.silverdell.co.uk
Kitsons Environmental (Europe) Limited www.kitsons.co.uk
SAFE Training www.safe-training.org
Further information on Silverdell Plc can be found at www.silverdell.plc.uk
About Silverdell PLC
Silverdell Plc works with major organisations both here and overseas, whose executives have a duty to protect people, assets and reputation.
Silverdell Group provides peace of mind through its Specialist Environmental Support Services, majoring on the management of asbestos and other hazardous materials.
Which means our Customers know that their interests are always protected.
Media Interviews with key personnel can be arranged through our PR agency:
Nicky Frost, Account Director
SMPR (Simply Marcomms Limited)
0870 199 4044