Likewise Group plc (LSE:LIKE) has strengthened its UK distribution infrastructure with the £9.57 million acquisition of a 60,000-square-foot high-bay facility in Corby, East Midlands. The site will provide additional storage, cutting and trunking capacity for the flooring distributor, with the installation of racking and cutting equipment starting immediately ahead of a planned operational launch in January 2027.
Corby Facility Supports Expansion Plans
The company views the new Corby hub as an important part of its longer-term growth strategy. The additional capacity is expected to ease pressure on its Birmingham operations while complementing recent developments in Derby and Newport.
Likewise is targeting further expansion across its distribution network as it works towards an aspirational sales revenue goal of £300 million. The company said positive trading momentum has continued through August as it approaches the seasonally busier autumn period.
Management is also assessing further property investments aimed at improving logistics and material-handling capabilities. Additional announcements relating to potential investments are expected over the coming months.
Financial and Technical Outlook
Likewise’s outlook is supported by improving cash generation alongside constructive technical indicators. The share price is trading above key moving averages, while the MACD remains positive, pointing to favourable underlying momentum.
However, valuation remains a significant consideration, with the company’s exceptionally high price-to-earnings ratio potentially limiting upside. Financial performance is also constrained by narrow operating and net margins, while revenue growth has shown signs of slowing.
More About Likewise Group Plc
Likewise Group plc is a UK flooring distributor supplying a range of floorcoverings through an integrated national logistics network. Its operations include major distribution hubs and regional facilities that provide the storage, cutting and transportation infrastructure required to serve customers throughout the UK.
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