Flooring distributor Likewise Group plc has reported a growth in sales as well as acquiring the freehold of a second distribution hub.
According to its latest trading update for the first three months to 31 March 2026, sales are up 15.2% to £44.2m against the corresponding period last year, with April month to date showing a similar positive trend.
“This represents significant increases in market share and notwithstanding the worldwide uncertainties, provides confidence in the Group achieving its future objectives,” the group said.
Likewise added that the extension in Newport is on schedule to be operational as planned in July 2026, while also confirming the acquisition of the freehold of a second Distribution Hub in Leeds for £3m, utilising its current banking facilities.
“This will streamline the Group’s supply chain management of Palletised goods from the Far East and Europe, allowing the planning of incoming containers to be far more efficient and also release capacity at our other Centres,” Likewise said. “The new investment in Leeds will support the Group’s strategy of growing sales revenue towards £250m.
“The Board is also considering other Freehold projects to meaningfully increase the Group’s logistics capacity which would allow Likewise Floors and Valley Wholesale Carpets the additional capacity to service the UK market demand for our Suppliers and Customers.
“The Group has increasing Net Assets further strengthening the Balance Sheet and the support from our principal bankers to make these Freehold investments. This demonstrates the confidence the Board and all stakeholders have in the significant growth potential in Sales and subsequent Profitability of Likewise Group.”
