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Jobs relief as buyer is found for Sheffield company

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Jobs in Sheffield could be saved by a deal which has rescued parts of a plant dismantling and decommissioning specialist.

Some assets and businesses of Loxley Valley-based EDS Group Holdings have been acquired from the collapsed Silverdell group.

Facilities management group OCS has purchased the decontamination, access and insulation and nuclear trading divisions operated by EDS.

It has bought them from BDO, joint administrator of EDS’ parent group Silverdell, but has not acquired any of the decommissioning businesses.

OCS says the deal will save more than 500 jobs across the UK, although figures for Sheffield are unknown.

EDS was acquired by Silverdell 18 months ago.

At the time, the Sheffield firm was 59th in The Star Business Barber Harrison & Platt rankings of the top 100 Sheffield region companies, employed about 140 people and had just collected its first Queen’s Award after quadrupling its overseas income over three years to £76 million.

A year after the deal, Silverdell asked for its shares to be suspended on the Alternative Investment Market, because of a dispute with a trade creditor, which led to a winding- up petition being submitted against one of Silverdell’s other subsidiaries.

The group hit financial problems when a subsidiary went into administration.

Martin Gammon, OCS chief executive, said: “The specialist services provided by the acquired units will complement our core facilities management offering.

“OCS and Silverdell are already serving the same market sectors. This acquisition means we will be able to offer clients a broader set of services to help manage their assets and environments from a single point of contact.”

 

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