Likewise Group extremely well positioned to accelerate growth during 2024

Likewise Group plc (LON:LIKE), the fast growing and progressive Flooring Distributor, has announced that the contingent consideration of £3,855,000 has been paid in full from current cash resources to the vendors of Valley Wholesale Carpets (2004) Limited under the terms of the Share Purchase Agreement announced on 15 December 2021.

No further payments are owed to the vendors of Valley.

Tony Brewer, Chief Executive of Likewise, said:

“Valley has been an excellent acquisition with the quality of Assets acquired plus the positive impact to Group profitability and operating cash flow. We thank the Management and Staff for their contribution in maintaining Valley as an autonomous business.

Whilst very early in the year, trading has commenced positively, and the Likewise Group is extremely well positioned to accelerate growth during 2024.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn

More articles like this

A quality carpet transforms your home with warmth and style

Choosing the perfect carpet can elevate your home’s aesthetic, improve comfort, and even provide sound insulation. With so many options available, from materials to pile types and installation methods, making the right decision can seem overwhelming.

UK manufacturing gears up for a transformative five years

The UK manufacturing sector faces post-Brexit challenges, but opportunities abound in Defence compliance, sustainability, digital transformation, and supply chain resilience. Like Group PLC (LON:LIKE) is well-positioned to capitalize on these trends.

The growing strength of the UK flooring market

The UK floor covering market is experiencing a period of robust growth, driven by a renewed emphasis on interior aesthetics and increasing disposable incomes. This trend reflects a broader consumer desire to enhance living spaces with

Likewise expands with new logistics centre acquisition

Likewise Group has strengthened its position in the UK flooring distribution market with the acquisition of a freehold logistics centre near Plymouth for £1.2 million. This latest purchase increases the company’s logistics capacity to 15 million

The revival of carpet trends for 2025

Exciting trends in carpets for 2025 are redefining interior design, from bold patterns to sustainable materials. Learn how carpets are making a stylish comeback!

Likewise reports positive trading update, total sales revenue up 11%

Likewise Group plc (LON:LIKE), the fast growing UK floor coverings distributor, has announced that trading in October and November has been particularly positive, with like for like performance showing strong growth against the corresponding period last year. Total