Erith lifts turnover as staff bonus pool tops £6.4m since 2017

Turnover climbed 12% to £285m within the 12 months to 30 September 2025 however pre-tax revenue slid from £8.4m to £8m in what administrators described as an more and more aggressive market in opposition to a fluctuating financial backdrop.

Working margins on the employee-owned group fell again to 2.9% from 3.3% in te prior 12 months.

Regardless of that squeeze, Erith strengthened its money place to £34.4m from £31.6m.

Chairman Steve Darsey mentioned: “Our workers rely at 12 months finish was 562 with 442 (79%) of these workers qualifying for the 12 months finish Worker Possession Belief bonus fee.”

He mentioned that the Worker Possession Belief had now paid out in extra of £6.4m in bonuses to qualifying staff since its formation in 2017.

“Our order ebook for the approaching 12 months stays sturdy and I sit up for the continued success of our enterprise, staff, and stakeholders.”

The group has additionally renewed its revolving credit score facility by means of to September 2028, giving it additional headroom because it pushes on throughout demolition, asbestos elimination, land remediation, groundworks, haulage and recycling.