Michelmersh Brick Holdings anticipates profit

Published:  03 February, 2014

Michelmersh Brick Holdings is expecting to report a profit from continuing activities for the year ended 31 December 2013.

The positive financial performance of the Group reflects stronger than anticipated turnover in the final quarter of 2013, ahead of the Board's expectations at the time of the interim statement in September 2013. The result before taxation will include the profit on sale of the factory land at Telford, exceptional non-recurring costs relating to closure of the Dunton plant in the year and associated Group restructuring costs.

Furthermore, following the successful fundraising of £9.6m arising out of the placing of 22.5m ordinary shares in November 2013, the Group will also report significantly reduced net borrowings as at the balance sheet date.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.