Likewise Group has completed the purchase of a freehold logistics centre in Ivybridge, Devon, for £1.2m, taking its freehold property portfolio to £23.3m.

The firm said the new logistics centre will both establish Likewise South West and also enable Valley Wholesale Carpets to develop business with customers in Devon and Cornwall.

The firm added that following a "successful 2024", it has also made a "positive start to 2025", with total sales revenue increasing by 8.4% in January, while its Likewise branded businesses increased by 13.6%.

The group stated that it has "extensive product launches" planned for Q1 and Q2, supported by a "significant number of point of sale and display stand activities" that are set to "materially increase market presence" in independent flooring retailers and contractors.

Chief executive at Likewise, Tony Brewer, said: "The investment in Plymouth completes the group's geographical reach across the UK and further strengthens our balance sheet.

"The momentum developed in H2 2024 has continued in the early part of 2025 providing the group with confidence in an exciting future and further progress towards our medium term objectives."

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