Bill row prompts share suspension

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Specialist environmental support services group Silverdell has had its shares temporarily suspended on the Alternative Investment Market, at its own request.

Trading is expected to resume shortly in shares of the group, which acquired Sheffield-based award-winning international plant dismantling and decommissioning specialist EDS Group Holdings for around £18 million last year.

The suspension is believed to have been prompted by a dispute with a trade creditor which led to a winding up petition being submitted against one of Silverdell’s other subsidiaries.

It comes after Silverdell recently announced it had trebled pre-tax profits to £3.3 million for the six months to the end of March, on turnover which had risen from £31.9 million to £63.9 million.

Commenting on the results, chairman Stuart Doughty said at the time: “The strength and breadth of our service offering and the international spread of operations have once again provided the foundations for a resilient set of results and good revenue growth, despite challenging conditions in the UK.”