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
Twitter
LinkedIn

More articles like this

A major UK Manufacturing report reveals surprising statistics

Manufacturing is having a far greater impact on the UK economy than first thought according to a major new report released by the country’s Manufacturing Technology Association. ‘The True Impact of UK Manufacturing’, which was unveiled

Can you use vinyl flooring outside?

Have you recently looked at your outdoor space and thought it could use a little makeover? But can you use vinyl flooring outside and is it a good idea to do so?  Well, you’re in the

Renovation ideas to enhance your home and increase value

Renovating your home comes with countless considerations, from the tiniest deliberations over gutter covers to serious financial decisions that are years in the making. Some types of renovation add value to your home and others primarily

Likewise Floors’ Serenade Carpet range

LIKEWISE FLOORS – SERENADE CARPET RANGE • 2 -Ply 100% Polypropylene Super Soft Yarn • 15 colours • Smart Back [fleece] • 4 & 5m STAIN RESISTANT AND BLEACH CLEANABLE CARPETS Currently, the UK domestic flooring

UK manufacturing industry: Output expected to rise

The UK manufacturing industry has reported output volumes fell in the three months to February, and at a faster pace than in the three months to January, according to the CBI’s latest Industrial Trends Survey. However,

UK manufacturing firms increasing ESG targets

The UK has seen a 48% increase in the number of manufacturing firms setting ESG targets for their business, with around two-thirds (62%) now doing so (since 2021), according to a report from Make UK and Lloyds

Choosing the best types of flooring for your home

Choosing the best types of flooring for each area in your home is no easy feat. There is a lot to weigh up, whether you’re considering hardwood flooring, tile, vinyl or a classic stone floor… It