Michelmersh's 1H25 results were resilient amid continuing market challenges, returning to top-line growth of 1.1% YoY to £35.8m and continuing to expand market share as UK dispatch volumes outperformed the broader market. However, Government commitments to remove red tape have yet to materialise in higher planning approvals, which have fallen YoY, delaying projects that could rapidly expand the Group's pipeline. Combined with limited demand-side support and Budget uncertainty, this underpins sho ....
