Silverdell has announced a 6% fall in turnover to £27.9m for the six months to 31 March 2011, but pre-tax profits were up 87% to £1.1m.
Order book has grown to £67m, up from £60m a year earlier.
Chairman Stuart Doughty said: "As we previously advised, the first quarter performance was below expectations, as a result of bad weather and some customers deferring spending plans. We saw a recovery in the second quarter and this has carried through into the second half of our financial year.”
Group chief executive Sean Nutley added: “Following the deferral of some public and private sector maintenance expenditure and adverse weather conditions in the first quarter, revenues recovered strongly in the second quarter, recording our highest quarterly revenues for a year. This improved performance has continued beyond the period end, with exciting opportunities emerging for large contracts in the nuclear, petrochemical, utility and retail sectors, which demonstrate Silverdell's rapidly growing reputation as a key player in the industrial and environmental support services sector.
“Redhills, the group's primary consulting business, performed particularly well during the period, reporting gross revenues for the first half up 32% compared to last year.”
On 1 April Silverdell completed the acquisition of Hull asbestos consultancy AH Allen, which is being integrated with Redhills, providing both additional capacity and access to a wider client base, particularly in the North of England and Scotland.
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