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The latest announcement is out from Likewise Group Plc ( (GB:LIKE) ).
Likewise Group has acquired a second freehold distribution hub in Leeds for £3m using existing banking facilities, a move aimed at streamlining supply chain management of palletised imports and freeing capacity at other centres. The new hub, together with an on-schedule extension in Newport due to be operational in July 2026, underpins the group’s strategy to expand logistics capacity and support its growth ambitions.
Group revenue for the first quarter to 31 March 2026 rose 15.2% year on year to £44.2m, with April trading showing a similar positive trend, reflecting market share gains despite global uncertainty. The board highlighted increasing net assets, strong bank support for further freehold projects, and reiterated its confidence in growing sales towards £250m, alongside announcing the 28 April release of 2025 final results and an accompanying investor presentation.
Spark’s Take on LIKE Stock
According to Spark, TipRanks’ AI Analyst, LIKE is a Neutral.
Likewise Group Plc’s overall stock score reflects strong financial performance and positive corporate events, which are offset by weak technical indicators and a high valuation. The company’s robust revenue growth and strategic investments position it well for future expansion, but current market conditions and valuation metrics suggest caution.
To see Spark’s full report on LIKE stock, click here.
More about Likewise Group Plc
Likewise Group plc is a fast-growing UK flooring distributor focused on supplying palletised flooring goods from the Far East and Europe to the domestic market. The company serves suppliers and customers nationwide through a network of distribution hubs and logistics centres, supporting brands such as Likewise Floors and Valley Wholesale Carpets.
Average Trading Volume: 379,103
Technical Sentiment Signal: Buy
Current Market Cap: £56.08M
For detailed information about LIKE stock, go to TipRanks’ Stock Analysis page.