Flooring distributor Likewise saw sales grow by almost 20% in the past six months.
Sales rose by 17.6% in the six months to 29 June, shareholders were told at its AGM.
‘This demonstrates the group is delivering its strategy of continuing to increase market share. With the benefit of substantial investment in sales teams, market presence and the logistics infrastructure, sales in the Likewise branded businesses have increased by 23.6% in the same period,’ says Tony Brewer, Likewise chief executive.
‘It is particularly pleasing that sales are developing across all geographical regions in both residential and commercial flooring. The order book is positive for commercial flooring as the group enters the typically busy summer period, particularly in the education sector. Therefore, with a positive H1, the group is optimistic regarding the opportunities in the traditionally stronger Q3 and Q4 and is on target to achieve its current market expectations for the financial year ending 31 December.
‘The new high bay distribution centre in Glasgow is now operational, providing further opportunities to expand the business in Scotland combined with significantly extra storage capacity for England and Wales. This latest investment follows the previous expenditure to provide the group capacity to reach its medium-term objective of £200m sales revenue.’
