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Silverdell - Contractor on nuclear decomissoning framework

December 2011

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It all seems to be shaping up well for Silverdell whose ambition is to grow sales to Â£100m within two years. This month it announced it has been included on a framework for decommissioning 10 nuclear reactor sites in the UK. The contract, which is for demolition and bulk removal of asbestos, is being let by the tier one contractors Magnox and EDS and is worth c.Â£20m to Silverdell.Silverdell has also reported its full year results, which showed pretax profit up 25% to Â£3m (eps 1.4p) on sales of Â£59.7m. The consulting arm (14% of sales) was entirely responsible for the profit growth, half of which came from the two bolt on acquisitions of RDS and Allen and half was organic. The remediation arm (which carries out the heavy liftin ...

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