Likewise Group Announces Acquisition and Positive Start to 2025
Why we think this is good
The trading update from Likewise Group indicates a positive start to 2025, with strong revenue growth of 8.4% in January and 13.6% for the Likewise Branded businesses. The acquisition of a new logistics centre in the South West also demonstrates the company's strategic focus on expanding its geographical coverage and distribution capabilities. While there are some signs of the company having to work hard to drive growth, such as extensive product launches and marketing initiatives, the overall tone is one of confidence and progress towards the group's medium-term objectives.
Key Points
- Completed acquisition of £1.2 million logistics centre in Ivybridge, near Plymouth
- Total sales revenue increased by 8.4% in January 2025
- Likewise Branded businesses increased by 13.6% in January 2025
- Extensive product launches and marketing initiatives planned for Q1 and Q2 2025
Summary
Likewise Group Plc has announced the completion of the acquisition of a freehold Logistics Centre in Ivybridge near Plymouth for £1.2 million, funded from internal cash. This increases the Group's freehold property portfolio to £23.3 million and establishes Likewise's presence in the South West, enabling further growth in the region.
The company has made a positive start to 2025, with total sales revenue increasing by 8.4% in January and Likewise Branded businesses increasing by 13.6%. The Group has extensive product launches and marketing initiatives planned for Q1 and Q2 to drive further growth in independent flooring retailers and contractors.