UK floorcovering distributor Likewise Group plc has announced a £10m plan to help accelerate the group’s growth aspirations.

Founded by former Headlam directors Tony Brewer and Andrew Simpson in December 2018, the company was initially listed on The International Stock Exchange (TISE) in Guernsey. It is now to float on the Alternative Investment Market (AIM) on the London Stock Exchange.

In its first two years, Likewise has grown rapidly, acquiring William Armes Ltd and the trade and assets of Bruce Starke & Co Ltd which have both now been fully integrated into the group.

Further acquisitions have included Lewis Abbott Ltd, Heatseam Ltd and H&V Carpets BVBA in 2019, and A&A Ltd in Manchester in 2020.

Likewise CEO Tony Brewer said: “The group has developed rapidly during the last two years and the foundations are now in place to build a substantial business in the UK flooring industry, maximising our relationship with our manufacturing partners, along with flooring retailers and contractors.”

“Our listing on AIM will provide us with the potential to drive this growth and enhance Likewise’s position as a market leading provider of floorcoverings.”