Likewise Group plc
Likewise Group plc is a UK wholesale distributor of floor-coverings, rugs and matting products (carpets, residential and commercial vinyl, LVT, laminate, artificial grass and underlay) sold to independent retailers and contractors across the UK. Founded in 2018 and listed on AIM since August 2021, it has grown from one site to 13 distribution/logistics centres via a mix of acquisitions, new distribution hub openings and organic sales-team expansion, trading under brands including Likewise, Valley Wholesale Carpets, Delta Carpets, H&V Carpets, Dandy, Bruce Starke, Marquee Floors and Floors by Lewis Abbott.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 27 Apr 2026 · 97 pages · Companies House
Likewise Group, a UK wholesaler of carpets and other flooring sold to independent shops and fitters, grew revenue to £163.1m in 2025 from £149.8m the year before. Profit before tax rose to £1.1m, from £25k.
The report credits new distribution hubs, giving 13 sites across the country, a larger sales team and its online ordering website. Profit was held back by costs the company treats as one-off, including losses at newly opened sites, relocation and restructuring, and adding cutting capacity. Rising material prices were another pressure.
The year ended with £4.0m in cash and £11.8m of borrowings. The company raised £1.3m by issuing new shares, also bought some back, and recommended a final dividend of 0.275p a share, up 10%. Management said revenue rose 15% in the first four months of 2026 and expects margins to improve with scale. The auditor gave a clean opinion, and the directors noted uncertainty from the Middle East conflict.
Geographic network expansion / new distribution hubs (Glasgow, Leeds, Newport, Plymouth/South West)
Group now operates from 13 locations; additional Leeds hub, Newport extension and Plymouth freehold completed nationwide coverage in 2025
page 9Operational gearing from scale and new hub utilisation
Gross margin improved to 31.1% (2024: 30.7%); Board confident of improving operating margin as Group benefits from greater scale
page 8Total Group revenue increasing by 15% in the first four months of 2026, rapidly approaching the original £200 million sales target; Board has authorised additional infrastructure investment and continues to evaluate further projects.
page 5Interim dividend of 0.1375p per share paid 14 November 2025 (2024: 0.125p); Directors recommend final dividend of 0.275p per share (up 10%), giving total 0.4125p per share for FY2025 (2024: 0.375p total), subject to AGM approval 17 June 2026, payable 10 July 2026; not included as a liability in these financial statements; DRIP available
page 257 years on one page · FY2019–FY2025
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
5 figures restated in a later report
Every figure is read again from the following year’s report: 223 confirmed, 16 differ, 5 restated.
No figure has been restated: every figure a later report printed again, it printed the same.
5 more figures were restated in FY2019 to FY2022, which a free account opens.