Lee Marley Brickwork has reported record turnover of £95.4m after investing £2.99m in scaffold and other fixed assets, although pre-tax profit fell by almost a fifth.
The masonry and scaffolding contractor had £131m of secured work at 31 December 2025, down from £135m a year earlier, as delays through the Building Safety Regulator’s Gateway process pushed back project starts.
Accounts for the year ended 31 December 2025, filed at Companies House on 6 October 2026, show turnover rose 9.4% from £87.2m. It was the company’s sixth consecutive year of revenue growth.
Pre-tax profit fell 19.7% to £2.87m from £3.57m. The figures relate to Lee Marley Brickwork Limited.
In its strategic report, the company linked the lower profit to investment ahead of anticipated growth, including additional staff and IT systems, alongside increased depreciation on its expanding fixed-asset base.
It added staff in estimating, design management, finance, commercial and accounting roles. Tangible fixed assets rose to £11.2m from £9.7m.
The £2.99m investment figure covers scaffold and other fixed assets across the business. Cash at bank and in hand stood at £968,000 at the year end, compared with £2m a year earlier.
Lee Marley said 2025 began positively as projects held up during 2024 by second-staircase requirements moved forward and generated revenue. New contracts secured in the first quarter included schemes worth £22.7m and £13.7m.
However, delays in the Gateway process became more apparent as the year progressed, deferring a number of anticipated schemes.
The company said a slowdown in the conventional housing market during the latter part of 2025 had compounded those delays, increasing competition and putting pressure on bid margins.
Earlier involvement in design and cost planning had improved visibility of potential work, the report said. Its focus on major projects underpinned the £131m secured workload carried into 2026.
Lee Marley operates from London, Reading and Glasgow, specialising in large-scale, high-rise and complex projects. Its core markets include mixed-use developments, affordable and social housing, and institutional build-to-rent.
