Likewise Group plc (LSE:LIKE) has agreed to acquire the freehold of a new 60,000-square-foot high-bay distribution facility in Corby for £9.57 million, strengthening the infrastructure supporting its expanding UK flooring business. Completion of the acquisition is expected on 21 August 2026, with the new hub scheduled to become operational in January 2027.
The Corby facility will provide additional storage, cutting and trunking capacity across the Likewise Floors Logistics Network. The investment forms part of the group’s wider strategy to increase operational scale, improve distribution capabilities and provide the capacity required to serve a growing customer base across the UK.
The acquisition comes alongside continued positive trading momentum. Likewise reported that sales revenue increased 23.9% year-on-year during July, while like-for-like sales for the year to date were 18.3% ahead of the comparable period. Management also indicated that order intake and invoicing remained strong during the opening days of August.
Likewise said continued backing from shareholders and its principal banking partners is providing the financial flexibility needed to pursue its expansion strategy. Increasing the scale of its logistics infrastructure is expected to strengthen the company’s position within the UK flooring distribution market while supporting its relationships with manufacturing partners, independent retailers and flooring contractors.
The broader outlook is supported by improving cash generation and positive share price momentum, with the stock trading above key moving averages and MACD remaining positive. However, valuation represents a significant constraint due to a particularly high price-to-earnings multiple, while thin operating and net margins and slowing revenue growth remain factors that could limit financial performance.
More about Likewise Group plc
Likewise Group plc is a UK flooring distributor supplying floor coverings and related products through its Likewise Floors Logistics Network. The company primarily serves independent flooring retailers and contractors and works with manufacturing partners to provide nationwide distribution, product availability and customer service. Its growth strategy is focused on expanding logistics capacity, increasing market penetration and developing a larger presence within the UK flooring sector.
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