Gateley has advised AIM-listed Likewise Group plc on its £14.9 million acquisition of selected assets from Headlam Group plc and HFD Limited, both of which entered administration.
The acquisition includes Headlam’s 90,000 sq ft freehold distribution centre in Thatcham, the Crucial Trading and Concept Flooring businesses, and associated intellectual property. Around 110 employees are expected to transfer to Likewise, helping preserve jobs across the acquired operations.
The Thatcham facility adds distribution capacity in the south of England, while Crucial Trading and Concept Flooring expand Likewise’s product portfolio and customer reach.
Likewise has also agreed to help the administrators sell Headlam’s remaining stock over nine months through an agency arrangement, using its sales and distribution network to support an orderly process.
The £14.9 million consideration was funded from Likewise’s existing cash resources following its £32.5 million equity fundraising. The acquisition is not expected to make a material contribution to profits in the remainder of 2026, but is expected to contribute positively in 2027.
Gateley’s legal team was led by restructuring advisory partner Dan French, with support from colleagues across corporate, employment, restructuring and real estate.
Likewise Group PLC (LON:LIKE) is a distributor of floorcoverings and matting and has the opportunity to consolidate the domestic and commercial floorcovering markets to become one of the UK’s largest distributors in this sector.
