The manufacturer said demand for bricks remains 25% below the most recent 2022 high point while increased production meant stocks are above the five-year average of 500 million.

Latest results for the six months to June 30 2025 show revenue up to £35.8m from £35.4m last time while pre-tax profits fell to £2.9m from £4.1m.

Ryan Mahoney, Chief Executive Officer said: “These half year results have been delivered in what remains a very challenging environment across the construction industry.

“Low planning approvals process, particularly in London and the South East as a result of the Building Safety Act and the Gateway 2 and 3 regulations, has significantly impacted the recovery momentum in some of our key markets most noticeably in the developer space.

“As a result, brick production is currently running ahead of despatch volumes and consequently inventory volumes for the sector are back above the five-year average of c. 500 million.

“These market dynamics made pricing highly competitive in the first half and we will continue to watch with caution to see if the imbalance in supply and demand continues given the fluctuating market conditions.”