‘FAST-growing’ flooring distributor Likewise Group made further progress towards its £200m turnover target in 2025, its audited final results reveal.
Sales increased by 9% to £163.1m from £149.8m, in the year to 31 December 2025.
And the Birmingham-based business says it’s recorded a flying start to 2026, with sales up 15% in the first quarter and April sales maintaining similar momentum.
The year saw gross margin improvement of 0.4% to 31.1%, up from 30.7% in 2024, with underlying profit before tax rising 56% to £3.1m from £2m.
Tony Brewer, chief executive of Likewise Group, said: ‘The group has made an excellent start to the year with a particularly positive trend in the first four months.
‘Global uncertainty makes the future months very difficult to predict, however with longstanding supplier relationships, experienced supply chain management and a robust balance sheet, Likewise is in a strong position to continue making significant gains in market share.’
He said the additional hub in Leeds, combined with the extension in Newport and cutting capacity in Derby, provide operational headroom for the group to achieve its 2026 and 2027 targets.
‘Therefore in the medium term, the board is confident in achieving our objectives, which will include further investment to materially increase our operational capabilities combined with strategically enlarging our sales teams to take advantage of market opportunities.’
www.likewisefloors.co.uk
