Erith pays down bid-rigging fine over two years early

Kent-based demolition specialist Erith has paid off its £17.6m bid-rigging fine two and a half years early after another strong trading performance.
Revenue at the demolition, haulage and recycling group jumped 12.5% to £255m for the year to 30 September 2024, buoyed by a mix of contract wins and stable costs in the still-fluctuating economic climate.
The improvement lifted net margins from 2.7% to 3.3%, hiking pre-tax profit by more than a third to £8.4m.Chairman Steve Darsey