Flooring distributor Likewise Group has announced its final audited results for 2025, celebrating another year of growth for the company. Sales increased by 9% to £163.1 million from £149.8 million, in the year to 31 December 2025. The Birmingham-based business has recorded a strong start to 2026, with sales up 15% in the first quarter and April sales maintaining similar momentum.
The year saw gross margin improvement of 0.4% to 31.1%, up from 30.7% in 2024, with underlying profit before tax rising 56% to £3.1 million from £2 million.
Tony Brewer, Chief Executive of Likewise Group plc, said: “The group has made an excellent start to the year with a particularly positive trend in the first four months. Global uncertainty makes the future months very difficult to predict, however with longstanding supplier relationships, experienced supply chain management and a robust balance sheet, Likewise is in a strong position to continue making significant gains in market share.”
He said the additional hub in Leeds, combined with the extension in Newport and cutting capacity in Derby, provide operational headroom for the group to achieve its 2026 and 2027 targets.
“Therefore in the medium term, the board is confident in achieving our objectives, which will include further investment to materially increase our operational capabilities combined with strategically enlarging our sales teams to take advantage of market opportunities.”
Likewise has a strong balance sheet with £31.6m in property assets and just £5.1m of borrowings, with net cash generated from operating activities increasing to £8.8m in 2025 from £7.2m.
The group now has 13 operating locations and with 77 new and replacement trucks being purchased since January 2025 to the end of 2026, the delivery fleet will total 160 in the autumn of 2026
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