At the company’s annual general meeting today, shareholders can expect to hear details of some of the contracts that Silverdell has won since its last update on 31 October 2011. These include a £700,000 contract in the oil and gas sector.
Silverdell has also been chosen as sole provider for the removal of asbestos for an unspecified major UK airport and two railway infrastructure providers, amounting in total to approximately £1m a year for five years, with one of the rail contracts increasing to £2m per year for six years.
The company has also been selected as one of five service providers to a group of housing associations in the south and southwest, valued at more than £4.5m, together with a further £1.1m of general asbestos removal contracts for a number of clients with whom Silverdell has long term relationships.
In a stock exchange statement this morning, chief executive Sean Nutley said: "Our strategy is to target blue chip customers in high growth markets, and to seek out contracts which provide a high level of earnings visibility. The quality of our order book, which is now significantly weighted towards framework contracts over project work, reflects this. At the same time, we are broadening our services beyond our core asbestos removal business into high value regulated sectors which remain buoyant despite economic pressure.
"We remain very confident in Silverdell's prospects for growth, both this year and beyond."
Got a story? Email news@theconstructionindex.co.uk
