Completion of Purchase of Corby Distribution Hub

Summary by AI BETAClose X

Likewise Group plc has completed the acquisition of a 60,000 square feet distribution hub in Corby for £9.57 million, a move expected to significantly enhance storage and logistics capacity and support the company's target of £300 million in sales revenue. The new hub will be operational from January 2027, with installation commencing immediately. The company also reported positive trading in August, ahead of the typically busier autumn period, with a further update scheduled for September 11th.

Disclaimer*

Likewise Group PLC
24 August 2026
 

24 August 2026

Likewise Group plc

("Likewise", the "Company" or the "Group")

Completion of the Purchase of Corby Distribution Hub

Likewise Group plc (AIM:LIKE), the fast growing and most progressive Flooring Distributor in the UK is very pleased to announce they have completed the acquisition of the freehold of a new 60,000 square feet High Bay Distribution Hub in Corby East Midlands for £9.57 million.

The Corby Hub will significantly add to the storage, cutting and trunking capacity of the Likewise Floors Logistics Network. Installation of Racking, Cutting Table and Establishment will commence immediately, with incoming Stock towards the end of the year and operational from January 2027.

Corby is a very important investment and will allow the Group to achieve the next aspirational target of £300 million Sales Revenue.

Following the additional momentum reported in July, the Group continues to trade positively in August, ahead of the traditionally busier Autumn period. A further update will be released on 11 September, with the benefit of August closing and the early trading in September.

Tony Brewer, Chief Executive of Likewise says:

"Corby represents a particularly important step in the Group's development, releasing capacity in Birmingham and allowing the Likewise Floors Logistics Network to accelerate. The recent developments at Derby and Newport in addition to Corby will allow the Group to achieve its next objectives.

We continue to evaluate other property investments to further strengthen the Group and the material handling capability with further announcements expected in the coming months.

The Board very much appreciates and thanks all our management and employees along with suppliers, customers, shareholders and all stakeholders for their continued support."

For further information, please contact:


Likewise Group plc

Tony Brewer, Chief Executive

Tel: +44 (0) 121 817 2900

Zeus (Nominated Adviser, Broker and Joint Bookrunner)

Jordan Warburton / James Edis (Investment Banking)

Dominic King / Fraser Marshall (Corporate Broking)

Tel: +44 (0) 20 3829 5000

Further information on the Company can be found on its website at: www.likewiseplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

Likewise Group (LIKE)
UK 100
FTSE quotes by TradingView

Latest directors dealings

All directors dealings today