Business
Purchase of Corby Distribution Hub
Likewise Group plc has exchanged contracts for the freehold purchase of a new 60,000 square foot distribution hub in Corby for £9.57 million, with completion expected on August 21, 2026, and operations commencing in January 2027. This acquisition is set to significantly increase storage and capacity within the Likewise Floors Logistics Network. The company also reported strong July sales revenue, up 23.9% year-on-year, with year-to-date revenue increasing by 18.3% on a like-for-like basis, and noted a strong start to August order intake and invoicing. Disclaimer*
About this update from Likewise Group Plc
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. 10 August 2026 Likewise Group plc (" Likewise ", the " Company " or the " Group ") Purchase of Corby Distribution Hub Likewise Group plc (AIM:LIKE), the fast growing and most progressive Flooring Distributor in the UK is very pleased to announce that the intended freehold purchase of a new 60,000 square foot High Bay Distribution Hub in Corby has exchanged, with completion expected on 21 August 2026 for a total consideration of £9.57 million. The additional Distribution Hub in Corby will significantly increase storage, cutting and trunking capacity through the Likewise Floors Logistics Network when it commences operations in January 2027. As reported, July sales revenue showed a 23.9% increase against the previous year with year to date now up 18.3% on a like for like basis. Both order intake and invoicing in August has started strongly, providing the Group with increased impetus as we approach the traditionally busier Autumn trade. The Group's successful development could not be achieved without the excellent Management and Staff throughout the business, and we thank them and all stakeholders for their contribution. Tony Brewer, Chief Executive of Likewise says: "This is another very important step in the development of Likewise Group. With the support of existing and new shareholders, plus appropriate facilities from our principal bankers, creates significant flexibility for the Group to become a meaningfully larger business than we have currently. Importantly, providing the capacity to all our manufacturing partners and the subsequent service levels to independent retailers and flooring contractors. Thanks to all for their continued support." For further information, please contact: Likewise Group plc Tony Brewer, Chief Executive Tel: +44 (0) 121 817 2900 Zeus (Nominated Adviser, Broker and Joint Bookrunner) Jordan Warburton / James Edis (Investment Banking) Dominic King / Fraser Marshall (Corporate Broking) Tel: +44 (0) 20 3829 5000 Further information on the Company can be found on its website at: www.likewiseplc.com
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