Likewise Group plc (LON:LIKE), the fast growing UK floor coverings distributor, has announced it will release its Final Results for the year ended 31 December 2024 (FY24) on 12 May 2025.
Likewise Group schedules FY24 Final Results release
- Written by: Amilia Stone
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Tony Brewer explains how the successful fundraising strengthens the Group’s ability to expand without overleveraging the business. He outlines the role of the new Corby distribution hub, the additional capacity coming online at Newport and Derby, and how these investments could lift annual sales capacity from around £200 million towards £300 million
Likewise Group has opened a retail offer for existing UK shareholders, seeking to raise up to £2 million through new shares priced at 28.5 pence each. The offer closes on 4 August 2026, with admission expected on 17 August 2026.
The flooring distributor plans to raise up to approximately £29.2 million at 28.5 pence per share, partly funding the proposed £9.5 million acquisition of a new 60,000 sq. ft. distribution facility in Corby.
UK manufacturing output rose in May as stronger industrial production and demand for secure domestic supply chains improved the sector’s outlook.
Likewise is expanding its Yorkshire and Newport distribution capacity as it builds the infrastructure needed to support its next stage of growth.
Likewise Group is expanding its warehouses, delivery fleet and processing capacity as it targets annual revenue capacity above £250 million.
