Likewise Group plc (LON:LIKE), the fast growing UK flooring distributor, has announced the completion to purchase a freehold Logistics Centre in Ivybridge near Plymouth. The consideration of £1.2 million was funded from internal cash. This increases the Group’s freehold property portfolio to £23.3 million.
The new Logistics Centre will both establish Likewise South West and also enable Valley Wholesale Carpets to develop business with customers in Devon and Cornwall. Very importantly, this completes Likewise Group’s comprehensive geographical coverage of the UK.
Following a successful 2024, Likewise has made a positive start to 2025, with total sales revenue increasing by 8.4%1 in January and Likewise Branded businesses increasing by 13.6%.