First set of results since listing on Alternative Investment Market sees Asbestos specialist generate 拢38.5m turnover

Asbestos remediation firm Silverdell has posted a pre-tax profit of 拢2.2m in its first set of results posted on the Alternative Investment Market.

With a turnover of 拢38.5m for the year ended 30 September 2007 chairman David Williams said trading in the first year had been satisfactory. He added that there was 鈥減lenty of potential ahead鈥� for the further development of the company.

During the year the company acquired remediation companies Redhill Analysts, Kitsons Group and Swift Asbestos.

The company said it planned to 鈥渓everage the benefits鈥� of the new group structure and had already submitted tenders for work on a group basis.

The company listed on AIM as Bow Lane Capital in April 2006. It said share prices had doubled since the original acquisition of Silverdell in July 2006.

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