If I am allowed another go, please let me put Silverdell (SID) forward.
Silverdell UK is one of the country's leading asbestos remediation businesses
which was started in 1979. It has a reputation in its sector for innovation and
professionalism and works for some of the FTSE 100 companies as well as central
and local government. Silverdell UK has been involved with a number of
prestigious projects, such as the refurbishment of the Old Admiralty Building
and the restoration of the Royal Festival Hall.
Over one third of Silverdell UK's revenue is underpinned by framework contracts
and growth in the Silverdell UK business has been entirely organically driven.
In recent years legislative changes have created significant opportunities in
the sector, resulting in strong growth in revenues.
The management team and key staff have all remained with the business and as a
listed company we have been able to provide them with some meaningful ownership
of the business through the issue of share options. The management also took a
significant portion of their consideration for the sale of the Silverdell UK
business in ordinary shares in the company and further demonstrated their
commitment to the business through signing a two year lock-in over this equity
stake.
