Likewise approaches £200 million sales revenue
May 29, 2025
Likewise Group, the UK flooring distributor, has announced its audited final results for the year ended 31 December 2024.
The company’s group sales revenue for FY24 was £149.8m, an increase of 7.4% over the previous year. Sales in Likewise Floors increased by 15.5%.
Group sales revenue in the first four months of FY25 has progressively increased each month from January to April culminating in a total increase of 10.2% against the corresponding period last year. However, with one less working day in FY25 verses FY24 the like for like growth is higher at 11.5%.
While group sales revenue for 2024 was £149.8m, the group is now consistently producing individual months that annualised would approach £170m. Months with sales in excess of £13m to £14m create operational gearing and subsequently a much higher level of profitability than previously achieved.
This provides the board with confidence to achieve the current market forecasts for FY25 with sales revenue progressing quickly towards £200m over the next few years.
Tony Brewer, Chief Executive of Likewise Group plc, said: “The Group really has made significant progress over the last four years. The logistics infrastructure has been transformed from that which originally initiated the business in 2020. The quality of the management, sales teams and staff throughout the business is extremely important to the future aspirations of the group. We have a clear focus on creating the best flooring distribution business and whilst only part way along that journey we have certainly created the structure to achieve our current goals.”
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