REG - Likewise Group PLC - Newport Planning Permission Granted

LikewiseAnnouncement

Mon 07:00

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RNS Number : 3017Y  Likewise Group PLC  08 September 2025

8 September 2025

Likewise Group plc

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

Newport Planning Permission Granted

Likewise, the fast growing UK Flooring Distributor is pleased to announce the
granting of Planning Permission to extend its facility in Newport South
Wales.

The Group owns the freehold of the current 35,000 square foot underutilised
Warehouse and the land to extend the property by 20,000 square feet to create
a 55,000 square feet Distribution Hub.

The existing Warehouse had not been fully utilised in preparation for the
intended construction process, however this will now enable a particularly
cost effective addition to the Group's operational capability.

With Planning Permission now granted the Group will meet its objective of
having the enlarged facility operational during Q2 2026 to enable increased
cutting and processing capacity for the Logistics Networks of Likewise Floors
and Valley Wholesale Carpets.

As previously stated the investment and development will be funded through
internal cash flow.

Tony Brewer, Chief Executive of Likewise Group plc, said:

"This is a very important development in enabling the Group to exceed sales
revenue well in excess of £200 million, with medium term aspirations to be
significantly greater.

We look forward to increasing our employment in South Wales and developing the
Group for the benefit of all Stakeholders."

 For further information, please contact:
 Likewise Group plc                                                   Tel: +44 (0) 121 817 2900

 Tony Brewer, Chief Executive
 Zeus (Nominated Adviser and Joint Broker)                            Tel: +44 (0) 20 3829 5000

 Jordan Warburton / David Foreman / James Edis (Investment Banking)

 Dominic King / Fraser Marshall (Corporate Broking)
 Ravenscroft (Joint Broker)                                           Tel: +44 (0) 1481 735 340

 Semelia Hamon (Corporate Finance)

 

 

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