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Highlights

  • Q1 2025 Gross Sales Revenue up 10.7% year-on-year, with Likewise Branded business sales rising 14.6%.

  • Strategic logistics expansion continues with new Plymouth facility set to launch in May.

  • Market momentum driven by Point of Sale initiatives and new product rollouts.

Likewise Group plc (LSE:LIKE), a rapidly expanding flooring distributor in the UK, has reported a highly encouraging start to 2025. The company’s gross sales revenue for the first quarter rose by 10.7% compared to the same period last year, continuing the positive trajectory seen in Q4 2024, which registered a 10.2% year-on-year increase. The Likewise Branded businesses delivered an even positive performance, achieving a 14.6% growth in sales.

The consistent sales momentum highlights the effectiveness of the group’s long-term strategy, which has focused on building a robust logistics network to support its dynamic sales and marketing operations. These investments have positioned Likewise well for sustained growth throughout the remainder of 2025.

Ongoing initiatives from both Likewise and its subsidiary Valley are expected to further enhance the Group’s market presence in the coming months. These include a targeted expansion of Point of Sale Displays and the launch of new product lines aimed at capturing a larger share of the market.

Operational developments continue to align with the Group’s growth objectives. The recently acquired logistics facility in Plymouth is on track to commence operations at the beginning of May. Meanwhile, additional cutting capacity will be added at the Glasgow Distribution Hub during April, enabling the business to efficiently manage increased volumes. The Group is also progressing with plans to expand its freehold site in Newport, South Wales. Upon completion, the extension will significantly boost processing and cutting capabilities from early 2026.

Despite January and February typically being quieter months for the industry, the Group experienced a stable foundation in Q1. March and the subsequent months are expected to benefit from enhanced operational leverage — a dynamic that previously contributed to improved profitability in the second half of 2024. This operational gearing effect is anticipated to continue driving performance, in line with current market forecasts for the year.