Likewise reports strong sales growth in October and November

 Total sales revenue in the two months showed an increase of 11 per cent, taking the sales rise in the year to date to 7.5 per cent. 

Sales revenue in Likewise Floors increased by 18.8 per cent - an increase in the year to date of 7.5 per cent.

 Chief executive Tony Brewer said: “Average daily sales in November were £704,000.

 “This  demonstrates that Likewise Group is making positive progress towards creating a business in excess of £200 million sales revenue.

 “Furthermore, the increasing sales revenue and gross margin in the second half of 2024 is beginning to deliver operational gearing which provides the group with momentum to achieve its objectives in 2025.”

 He paid tribute to the contribution of all employees in the business during the year and thanked suppliers, customers and shareholder for their support.

 The news comes on the back of November’s dividend payment of 0.125p per share, up 25 per cent on the first half of 2023.

 Half year figures reveal that the fast growing UK floor coverings distributor has continued to increase total sales revenue by 6.2 per cent in the year to 30 June 2024. 

The overall figures include continued growth in Likewise Floors’ sales of 16.8 per cent.

 Likewise has continued to invest throughout 2024, notably in sales executives, recruiting 14 to take the total sales team to 94.

 The half year results also included deferred consideration of £4.27 million which has been paid in settlement of all outstanding acquisition obligations.

Mr Brewer said: “Despite a prolonged period of challenging market conditions, Likewise Group plc continued its growth towards its medium term objectives.”