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Silverdell awarded with framework contracts in Utilities and Social Housing sectors
Silverdell, the Specialist Environmental Support Services group, has been awarded framework contracts for consultancy in the Utilities and Social Housing sectors, with a combined approximate value of £1.4m, as well as an asbestos remediation contract worth approximately £2.25m.
The company has secured a contract worth approximately £1.1m with a major energy supplier in the North of England and will carry out hazardous waste management consultancy and conduct surveys across all of the customer's built assets within the region, working as a preferred supplier to the customer over a period of four years.
Silverdell has also been made a preferred supplier to a large Housing Association in Yorkshire, to provide hazardous waste management consultancy services. The contract is worth approximately £330k over two years.
The company also continues to secure work in its core market of asbestos remediation projects across the country; a notable example is the recent award of a five year contract, worth around £450k per year, with a South-West based housing sector client with whom Silverdell has had a longstanding working relationship.
"The award of these contracts demonstrates that we are successfully implementing our strategy to expand our services into higher margin consulting work and into specialist environmental support services in high growth sectors such as Utilities," says Sean Nutley, Chief Executive Officer for Silverdell.
"We continue to seek out long term framework contracts such as these, which significantly enhance the quality and visibility of our earnings. At the same time we continue to be a market leader in our core asbestos remediation business and to win contracts in that area.
"Hazardous waste consultancy and remediation is a largely non-discretionary spend for our customers. They are obliged by law to have in place an asbestos management plan. Our growth strategy stands us in good stead to continue to win long term contracts with major public and private sector customers; we look forward to the future with confidence."
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8th March 2012