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Sun June 13 2021

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Silverdell subsidiary in administration

4 Jul 13 Asbestos removal specialist Kitsons, part of the Silverdell Group, has been placed in administration following a winding-up petition brought by a trade creditor.

We understand that both Kitsons and Silverdell are continuing to trade while the difficulties are sorted out.

On Tuesday this week Silverdell requested a suspension of its shares from trading pending clarification of the group's financial position. 

The company would offer no comment but an official statement is expected soon.

Last month Silverdell announced interim results for the six months to 31 March 2013 showing a £1.1m operating loss  on turnover of £63.9m.

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MPU

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