Erith Haulage Company reports further growth

Erith Haulage Company has put increased turnover and profits last year down to the scale and type of work it was able to carry out.

The Kent-based haulage contractor increased turnover by 9.4% in the year ending 30 September 2019, to £27.04m.

Pre-tax profit increased seven-fold, to £1.09m during the period.

In a review of its performance, the FORS Gold company, which is authorised to operate up to 65 HGVs out of its Erith base, said the results were in-line with forecasts.

It said turnover grew “mainly due to the increase in both the scale and type of works carried out for [group firm] Erith Contractors.

“Gross profit margins increased during the year, from 11.6% to 13.0% reflecting a stabilisation of costs and cost efficiency practices.”

The Erith group primarily services the construction industry with demolition, waste recycling, haulage and remediation works.

It was involved in the Olympic park development, as well as Kingsgate House within central London.

The company did not respond as we went to press.