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Brickability Group's Lines up £150M float

Kylla • 14th Aug 2019
News
Brickability Group's Lines up £150M float

A brick merchant has revealed plans to go public on the London Stock Exchange in a move that could raise £57m.

Brickability Group's products include bricks, architectural masonry, stone, paving, concrete blocks and cladding.

Its clients include housebuilders, developers, contractors and housing associations, as well as retailing to the general public.

Brickability will place shares of 1p each on the London Stock Exchange's AIM.

The move is expected to raise £57m and would give the business a market capitalisation of £150m.

Brickability is headquartered in Bridgend and has bases in Cardiff, Tamworth, Mitcham and Bracknell.

In accounts for the year to March 2018 – the latest available – Brickability UK Holdings Ltd turned over £90.3m.

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