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BRCK Group

The Cavendish View

BRCK Group (Buy) is a diversified building materials and design & install services company with strong positions in its chosen market segments. The company benefits from structural tailwinds in cladding remediation for fire safety, renewables products, and critical infrastructure. Valuation is compelling and cash generation remains strong.

ED STACEY

Research Director

Building better communities

When a housebuilder needs half a million bricks in a particular shade, or a building owner needs the cladding stripped from a residential tower and replaced to current fire safety standards, BRCK Group is the kind of business that supplies it. The Group is built from a collection of specialist companies that each keep their own name, customers and technical expertise, while drawing on the buying power and manufacturer relationships of the group behind them.

From FY26 it reports through two divisions. Distribution sources, imports and distributes building products — bricks, timber, cladding, roof tiles and radiators. Design & Install provides added-value design, specification, procurement and installation, spanning fire remediation, cladding, re-roofing, renewable technologies and fencing.

The two are driven by different things. Distribution follows the housing market. Design & Install is pulled by regulation, particularly building safety remediation, and is the smaller but faster-growing of the two.

Brands include Taylor Maxwell, Towelrads, Upowa, Topek, TSL and LBT Brick & Facades, with logistics handled in-house by McCann Logistics.

Founded in 1985 and listed on AIM since 2019, the Group changed its name from Brickability Group in February 2026 to reflect a business that now extends well beyond brick. It grows by acquisition as well as organically, most recently buying fencing manufacturer Jacksons in July 2026, and targets carbon net zero in its own Scope 1 and 2 operations by 2030.

Attending from BRCK Group

Mike Gant

CFO

Frank Hanna

CEO

Company descriptions are drawn from information published by each company and have not been independently verified by Cavendish. They are for information only, are not investment research, advice or a recommendation, and do not constitute an offer or invitation to buy or sell any security. Information is correct as at 10th September 2026 and will not be updated. Investors should refer to each company's own published announcements and accounts. Cavendish acts as adviser or broker to certain of the companies featured.

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Cavendish is a full service investment bank and trusted advisor to ambitious companies. The Company provides a range of services to both public and private companies, from equity raising in capital markets, to M&A, debt advisory and private growth capital.

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Company Reg No: 06198898

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