Flooring distributor Likewise secures south west logistics centre purchase
Flooring distributor Likewise Group plc has completed its comprehensive coverage of the UK with the purchase of a freehold logistics centre in Ivybridge, near Plymouth, for £1.2 million.
The new distribution centre for the south west increases Likewise Property Group’s logistics space to 15 million cubic feet and the freehold portfolio to £22.3 million.
The new logistics unit, which was funded from internal cash, will both establish Likewise South West and also enable Valley Wholesale Carpets to develop business with customers in Devon and Cornwall.
Tony Brewer, chief executive of Likewise Group plc, who have headquarters in Birmingham, said: “Following a successful 2024, Likewise has made a positive start to 2025, with total sales revenue increasing by 8.4% in January, with Likewise branded businesses increasing by 13.6%.
The group has extensive product launches planned in the next six months, supported by a significant number of point of sale and display stand activities to increase materially market presence in independent flooring retailers and contractors.
The logistics infrastructure combined with the substantial sales and marketing initiatives will allow the Likewise to take full advantage of the many opportunities presented in the UK flooring industry.
Mr Brewer added: “The investment in Plymouth completes the group’s geographical reach across the UK and further strengthens our balance sheet.
“The momentum developed in the second half of 2024 has continued in the early part of 2025, providing the group with confidence in an exciting future and further progress towards our medium term objectives.”
