Increased sales revenue, combined with operational gearing and subsequent improved profitability, provides the Board with confidence that the Group will be materially ahead of current market expectations for FY2026, with profit before tax expected to be a minimum of £6 million. 

Likewise has announced the acquisition of a number of assets from Headlam Group for total consideration of £14.9 million (plus VAT) in cash.

For the six months to 30^th June 2026 the floorings distributer saw total group revenue increase by 15.4% to £89.9 million. Trading is said to have improved since the half year end, with sales up by 29.1% in the period to 25^th September. Ongoing troubles at rival Headlam may create further growth opportunities.