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  3. Likewise Group Share Price
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  5. IN BRIEF: Likewise pays GBP3.9 million to vendors of Valley Wholesale

Pin to quick picksLikewise Group Share News (LIKE)

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Share Price Information for Likewise Group (LIKE)

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Share Price: 14.50
Bid: 14.00
Ask: 15.00
Change: 0.00 (0.00%)
Spread: 1.00 (7.143%)
Open: 14.50
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IN BRIEF: Likewise pays GBP3.9 million to vendors of Valley Wholesale

Wed, 17th Jan 2024 16:31

Likewise Group PLC - Birmingham, England-based domestic and commercial floor coverings distributor - Pays GBP3.9 million consideration to vendors of Valley Wholesale Carpets (2004) Ltd under the terms of its acquisition of the latter for a total GBP30 million in December 2021. No further payments are owed to the vendors of Valley Wholseale, while the payment was funded from Likewise's current cash resources. Chief Executive Officer Tony Brewer says: "Valley has been an excellent acquisition with the quality of assets acquired plus the positive impact to group profitability and operating cash flow...Whilst very early in the year, trading has commenced positively, and the Likewise Group is extremely well positioned to accelerate growth during 2024."

Current stock price: 22.50 pence, flat

12-month change: up 9.8%

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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IN BRIEF: Likewise narrows annual loss and declares maiden dividend

Likewise Group PLC - Birmingham-based domestic and commercial floor coverings distributor - Reduces annual pretax loss amid rising revenue as it declares a maiden dividend. Pretax loss in 2021 narrows to GBP226,882 from GBP3.3 million in 2020. Revenue climbs to GBP60.5 million from GBP47.3 million. Net assets increase to GBP22.4 million in 2021 from GBP11.6 million in 2020, but have since grown to GBP38.7 million as at April 30, 2022 following the acquisition of Valley Wholesale Carpets and Delta Carpets, Likewise explains.

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TRADING UPDATES: Conroy wins licences; Likewise first quarter strong

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Likewise Group confident of meeting FY expectations

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IN BRIEF: Likewise acquires Delta Carpets for GBP3 million

Likewise Group PLC - Birmingham-based domestic and commercial floor coverings distributor - Acquires Leeds-based distributor of carpets, laminate and vinyl tile and flooring accessories Delta Carpets Ltd for GBP3.0 million in cash and shares.

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