Likewise Group plc is a Birmingham headquartered distributor of floorcoverings and matting. Prior to listing, the Group acquired the entire share capital of William Armes Limited and the trade and assets of Bruce Starke & Co Limited, which were fully integrated into the Group, making it a competing alternative to existing large companies in the industry.
Likewise listed on TISE to raise funds for working capital and future acquisitions in the sector.
“TISE has provided a pragmatic and cost-effective route to going public and accessing the capital markets to raise finance which can be used towards future acquisitions.
“The benefit of the £7 million cash raised and potential access to further funds puts us in a very strong position to be able to make further acquisitions which will enable us to consolidate the distribution section of the floor coverings market and to gain national scale. Ultimately, we believe that this puts us in a position to expand Likewise into a meaningful flooring business.”
Tony Brewer, CEO of Likewise Group plc