Likewise Group (LIKE) Trading update summary

Trading performance

• October revenue rose 36.7% YoY, taking YTD growth to 22.8%; positive momentum spanned all businesses.

• Operational gearing and higher sales support FY26 PBT of at least £6m, materially ahead of current market expectations.

Acquisition integration

• Integration of assets purchased from Headlam’s administrator is progressing; Concept Flooring Supplies has replenished stock and is nearing normal service.

• Crucial Trading has ordered additional stock, and its Kidderminster bespoke rug operation is processing incoming orders; both businesses are expected to enhance FY27 earnings.

• Administration stock is being sold through under a carefully managed Stock Agency Agreement; exclusive products are being restocked across Likewise Floors and Valley Wholesale Carpets.

Property and logistics

• The 90,000 sq ft Thatcham hub was purchased with cash; freehold ownership now covers 8 properties valued at £56m, alongside £11m of fixed debt.

• Deliveries to Thatcham began on 22 October; the hub is due to become a key part of the logistics network in November, supporting service across southern England and other locations.

• The delivery fleet will increase by 16 trucks to 192 in 2026, with further additions envisaged in Q1 and Q2 2027.