The company has confirmed that there is 40 years’ worth of reserves in the Channel lslands at the predicted level of demand and Ronez’ assets have been re-valued upwards from £23m to £41m.
Max Vermorken, SigmaRoc CEO, said: “The upward revaluation of our Channel Islands fixed assets, together with the freehold land in our UK precast cluster, shows the strong asset backing underpinning our business. This provides a strong platform from which to grow and we look forward to further development in 2018.”
Mike Osborne, Managing Director of Ronez, said: “SigmaRoc chose Ronez as the cornerstone asset upon which to build its business. It is rewarding to be part of a company showing such strong first year results.”