Flooring distributor Likewise Group has exchanged on the purchase of a 60,000 sq ft high bay hub in in Corby as it looks to boost turnover to £300m.
The Birmingham-based fast-growing firm paid £9.57m for the Northamptonshire property and it said the distribution hub would increase storage, cutting and trunking capacity through the Likewise Floors logistics network when it commences operations in January 2027.
Likewise saw revenues increase by 23.9% in July against the previous year, with year-to-date now up 18.3% on a like-for-like basis.
Tony Brewer, Likewise CE, said both order intake and invoicing in August had started strongly, providing the group with increased impetus as Likewise approached the traditionally busier Autumn trade.
“This is another very important step in the development of Likewise Group,” he added.
“With the support of existing and new shareholders, plus appropriate facilities from our principle bankers, we have created significant flexibility for the group to become a meaningfully larger business than we have currently.
“Importantly, we are building capacity for all our manufacturing partners and the ability to provide excellent service levels to independent retailers and flooring contractors.”
Likewise holds operator licences in all eight UK traffic areas.
