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Silverdell PLC (SID)

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Friday 09 September, 2011

Silverdell PLC

Contract Update

RNS Number : 9234N
Silverdell PLC
09 September 2011
 



Silverdell PLC

("Silverdell" or "the Company")

 

Contracts Update

 

Silverdell plc ("Silverdell"), the Specialist Environmental Support Services group, is pleased to announce the award of new waste remediation and asbestos management contracts in the aviation, housing and municipal sectors.

 

The Company has been appointed by Cambridge County Council to the Cambridge MTC Framework. Silverdell will carry out various remediation and consultancy projects in schools and other public buildings. The Framework contract, which encompasses a number of providers, is to last three years with an approximate value of £900,000, with an option to extend by a further 12 months.

 

Silverdell is also pleased to update the market on the following existing contracts in progress.

 

The £600,000 contract for an asbestos removal project at a major airport in the South of England is now 50% complete. The company is currently engaged in tendering for other projects in the airports sector.

 

Silverdell has now completed on its year-long Crossrail project, which is worth in excess of £1m and which involved refurbishment works carried in out in relation to the project at Moorgate.

 

The Company has also just entered the final stages in its project at the Magnox North Chapelcross nuclear power plant in Scotland, which is due for completion in 2012. The contract, which has an overall value of £25m, is to remove more than 3,300 tonnes of asbestos hazard at the power plant, which is being decommissioned. Further, Silverdell is now completing on a £1.2m construction project in the South of England for a large client in the defence sector.

 

Sean Nutley, Chief Executive of Silverdell, said

 

"These projects demonstrate the successful progression of our strategy to broaden our service offering across the full suite of Specialist Environmental Support Services, and build strong relationships with large clients in both the private and public sectors.

 

"In addition to the contracts outlined today we are actively tendering for, and hopeful of winning, large contracts in the energy, education and nuclear sectors.

 

"Allied with organic growth, the recent acquisitions of consultancy businesses AH Allen and RDS are further complementing our service offering, and helping us to drive forward our ambition to be a larger and more diversified scale player."

 

9 September 2011

 

 

ENQUIRIES:

 

Silverdell

Tel: + 44 20 7389 6800

Sean Nutley, Group Chief Executive


Ian Johnson, Group Financial Director




finnCap

Tel: + 44 20 7523 8000

Marc Young




College Hill


Helen Tarbet

Tel: + 44 20 7457 2020

Mark Garraway

+ 44 78 2560 9737

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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