Erith trading rebounds after lengthy bid-rigging probe

Specialist engineering and demolition contractor Erith has rebounded after a long-running bid-rigging probe that saw it fined £17.6m last March.
After already booking provisions for the fine in the previous financial year, Erith returned a pre-tax profit of £5.1m in the year to September 2023, compared with a loss of £13.8m in the prior year.
Revenue at Kent-based Erith Holdings grew 9% to a record £227m, with operating margins edging up from 1.7% to 2.1%.Erith paid out &