Profits and turnover at Erith Haulage increased last year despite it operating in a “challenging” environment.
The haulage contractor posted results showing revenue increased by 13.1% in the year ending 30 September 2023, to £25.1m.
Pre-tax profit, which had halved in the previous trading period, bounced back with a 17% increase to £679,000.
The Gold standard FORS company, which specialises in civil engineering activities including asbestos removal, demolition, training, land remediation and related ground works, said the results were in line with forecasts and the directors were optimistic about the year ahead.
“Turnover increased by 13.1% against last year mainly due to the increase in the type of works carried out for both Erith Contractors and external parties,” it said in a financial statement.
“The directors are of the opinion that the market for the forthcoming year will remain challenging. However, instigated cost reductions, improved working methods along with our structured pricing policy will ensure continuing profitability.
“The market for haulage remains highly competitive, with both smaller businesses fostering strong local reputations and larger plcs competing on price,” it added.
“The company seeks to maintain its history of strong growth by competing aggressively on price while providing added value to its customers.”
The haulier holds an international licence authorising a total of 130 HGVs and 20 trailers running out of two operating centres in Erith and Dartford.
