Likewise raises fresh equity to lift sales capacity toward £300M
What's the deal? Likewise GroupDealroom has a profile for this one. Try Dealroom → has completed a post-IPO equity fundraising, chief executive Tony Brewer said, giving the flooring distributor capital to fund its next stage of expansion. The raise was announced in July 2026.
What's the endgame? Brewer said the fundraising strengthens the group's ability to expand "without overleveraging the business." The proceeds back a new distribution hub in Corby and added capacity at Newport and Derby.
Where it's expanding? The new Corby hub, together with the extra capacity coming online at Newport and Derby, sits at the centre of the growth plan. Brewer said these investments could lift annual sales capacity from around £200 million towards £300 million.
Why now? The raise lands soon after the company's earlier fundraising — a quick return to the market to keep the expansion moving. Financing the sites through equity rather than debt is meant to keep the balance sheet in check as capacity scales.
The signal: A back-to-back equity raise signals confidence in demand for extra distribution capacity — and a preference for funding growth without piling on leverage.
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