Michelmersh bricks up its defences

By Hamish Champ2020-04-01T05:00:00

Brick maker ready to get back to production once shutdown ends

Brick maker Michelmersh said it expects to weather the effects of the coronavirus epidemic, days after announcing it was suspending production and deliveries for three weeks.

The firm said it had responded to the government’s lockdown by stress-testing the likely impacts of a hit on cashflows and having talks with its bank, HSBC, which had waived its covenant.

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