Victorian Plumbing
 | |
| LSE: VIC | |
| Industry | |
| Founder | Mark Radcliffe |
| Headquarters | Leyland, Lancashire, |
Key people | Philip Bowcock (chair) Mark Radcliffe (CEO) |
| Revenue |  £295.7 million (2024)[1] |
 £11.2 million (2024)[1] | |
| £5.5 million (2024)[1] | |
| Website | |
Victorian Plumbing is a British eCommerce company listed on the London Stock Exchange's Alternative Investment Market (AIM).[2]
History
[edit]The company was founded by Mark Radcliffe from his parents' shed in Merseyside in 2000.[3]
In 2016, the High Court of Justice ordered the company to pay £1.75 million to its online competitor, Victoria Plum, in a trademark infringement dispute.[4]
On 22 June 2021, the company floated on the Alternative Investment Market[3] with a market capitalisation of £850 million.[2] Its founder divested £212 million worth of shares, reducing his share to 46%.[5] Radcliffe's brother and mother owned a 20% stake between them.[6]
In May 2024, Victorian Plumbing acquired its online competitor Victoria Plum for £22.5 million, just over six months after Victoria Plum's pre-pack administration sale. This included the MFI brand. The company closed Victoria Plum a few months later, in October 2024. However they kept the MFI brand with the intention of relaunching it.[7][8][9]
Operations
[edit]The organisation employs approximately 540 people across its headquarters in Leyland and Skelmersdale, Lancashire and its premises in Birmingham.[6]
Sponsorship
[edit]On 6 June 2023 it was announced that Victorian Plumbing would become the principal shirt sponsor of EFL League One team Bolton Wanderers.[10]
References
[edit]- ^ a b c "Annual Results 2024" (PDF). Victorian Plumbing. Retrieved 21 July 2025.
- ^ a b Eley, Johnathan (2021-06-22). "Victorian Plumbing IPO marks biggest debut on London's junior market". Financial Times. Retrieved 2021-09-29.
- ^ a b Nicholson, Abigail (2021-06-23). "Scouser's bathroom business he started in parents' shed now worth £1bn". Liverpool Echo. Retrieved 2021-09-29.
- ^ "Victoria Plum receives £1.75m from rival over trademark battle". KBB Review. 17 December 2018. Retrieved 21 July 2025.
- ^ Morgan, Francesca (2021-06-23). "Victorian Plumbing makes history as biggest ever float on AIM". Vox Markets. Retrieved 2021-09-29.
- ^ a b Armstrong, Ashley (2021-06-02). "The Victorian Plumbing pipe dream that turned into £1bn". The Times. Retrieved 2021-09-29.
- ^ "Victorian Plumbing buys Victoria Plum in £22.5m deal". BBC News. 2024-05-20. Retrieved 2024-05-20.
- ^ Wright, Georgia (2024-10-15). "Victorian Plumbing to shut rival Victoria Plum following £2m loss - Retail Gazette". Retrieved 2025-05-15.
- ^ Morgan, Aoife (2025-05-15). "MFI to make high street comeback after almost two decades - Retail Gazette". Retrieved 2025-05-15.
- ^ "Victorian Plumbing Become New Principal Partner". Bolton Wanderers FC. 6 June 2023. Retrieved 21 July 2025.