HSBC back Silverdell with additional finance.
Two weeks after its requested the suspension of its shares on the AIM stock exchange, asbestos and demolition giant Silverdell has issued a positive statement to quash rumours and stabilise the company.
“The Board is pleased to confirm that discussions with the Group’s bankers, HSBC, have reached a satisfactory outcome. HSBC has confirmed that it remains supportive of the business and will be providing additional short term facilities to the Group.
The Board also confirms that Kitsons is the only Group company which is in administration, and that all other Group companies continue to trade as normal. The Board is extremely grateful to the Group’s employees, customers and suppliers for their patience and forbearance.”
Further announcements will be issued in due course.
