Brind.
  1. Headlam entered administration and insolvency on October 7, 2026.

Likewise Group Acquires Headlam Assets; Kelso Group Invests

1 report, 1 independent Updated Oct 8
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Likewise Group Plc acquired selected assets from Headlam Group for £14.9m in cash after Headlam appointed administrators on September 8, 2026. On October 8, 2026, Kelso Group Holdings announced a new investment in Likewise Group Plc, purchasing 5,000,000 shares at an average price of 30p. This investment brings Kelso's holding to approximately £2m, approaching 10% of Kelso's gross investments.

From investegate.co.uk

Why it matters

Some supportBrind's analysis of the reports

The acquisition follows Headlam's insolvency, marking a shift in the structure of the UK floorcoverings market. Likewise, a fast-growing distributor, expects its underlying profit before tax to be materially ahead of expectations following the asset purchase.

Headlam Group plc entered administration and insolvency on October 7, 2026.

From investegate.co.uk

Who's involved

  • Andrew SimpsonCo-founded Likewise Group Plc
  • Tony BrewerCo-founded Likewise Group Plc and partnered with Paul Bassi
  • Paul BassiPartnered with Tony Brewer to establish Likewise Group

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Paul BassiSpeculative

    Paul Bassi might see his financial stability supported by the Kelso investment and asset acquisition boosting Likewise's valuation.

Keep exploring

Part of

Headlam entered administration and insolvency on October 7, 2026. All 1 developments

The entities involved

Coverage

Newest first; wire copies grouped