Likewise, the fast-growing UK Flooring Distributor has announced continued growth during the first six months of 2025.
Despite challenging market conditions, compounded by a particularly hot late Spring and Summer, the company says, group sales revenue increased by 10.2% to £77.9 million. Sales in Likewise Branded grew by 14.1% in the six months to 30 June 2025.
Underlying profit before tax increased by 120% to £0.74 million due to the higher sales revenue through the established infrastructure creating operational gearing as previously stated. This indicates that the group is on course to achieve current market forecasts, including absorbing the increased National Insurance Contribution cost following the Autumn 2024 budget.
According to the company, this strong performance is a result of the extensive sales and marketing initiatives including the appointment of 21 new sales executives in the last 18 months supported by the established logistics network in both Likewise Floors and Valley Wholesale Carpets.
The group invested in a new freehold logistics centre in Plymouth completed in February this year whilst also creating additional cutting and processing capacity in both its Glasgow and Derby sites.
Importantly, planning permission has now been granted to extend the Newport facility into a distribution hub. This will be operational in Q2 2026 and allows the group to deliver its growth objectives for next year.
These investments can ultimately increase cutting capacity by over 40% which will allow the group to process and deliver sales revenue well in excess of £200 million.
As Likewise has become more established the Group have attracted additional strategic supplier partners and this has been particularly evident from Q4 2024 and made a really meaningful contribution to 2025.
Tony Brewer, Chief Executive of Likewise Group plc, said: “Notwithstanding the particularly hot weather taking the edge off our sales growth, the group has achieved a very strong performance in the first eight months, including July and August, with like for like sales improving by 10.2%.
“We have created the foundations to benefit from the typically busier Autumn period. The management and sales teams are poised to take advantage of these extensive opportunities supported by staff throughout our businesses. We thank everyone for their hard work and contribution to the group.”
“We very much appreciate and thank our suppliers, customers, shareholders and all stakeholders for their continued support. The group is in a particularly strong position to capitalise on the many opportunities, which provide a very exciting future for all involved.”
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