Turnover climbed 12% to £285m in the year to 30 September 2025 but pre-tax profit slid from £8.4m to £8m in what directors described as an increasingly competitive market against a fluctuating economic backdrop.

Operating margins at the employee-owned group fell back to 2.9% from 3.3% in the prior year.

Despite that squeeze, Erith strengthened its cash position to £34.4m from £31.6m.

Chairman Steve Darsey said: “Our staff count at year-end was 562, with 442 (79%) of those staff qualifying for the year-end Employee Ownership Trust bonus payment.”

He said that the Employee Ownership Trust had now paid out in excess of £6.4m in bonuses to qualifying employees since its formation in 2017.

“Our order book for the coming year remains strong and I look forward to the continued success of our business, employees, and stakeholders.”

The group has also renewed its revolving credit facility through to September 2028, giving it extra headroom as it pushes on across demolition, asbestos removal, land remediation, groundworks, haulage and recycling.