Fit-out firms fined £7m for cover pricing

By Jordan Marshall2019-03-01T14:38:00

Companies colluded on bidding for 14 contracts

Five fit-out firms have been slapped with fines totalling more than £7m for breaking competition laws.

Following a Competition and Markets Authority (CMA) investigation, Fourfront, Loop, Coriolis, ThirdWay and Oakley, all admitted to breaking competition law at least once during the period of 2006-2017, in some cases on multiple occasions.

The firms, which are based in London and the Home Counties, provide services such as fit-out, design and refurbishment of commercial and non-residential premises.

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