Victorian Plumbing

Last updated
Victorian Plumbing
LSE:  VIC
Industry
FounderMark Radcliffe
Headquarters Leyland, Lancashire,
United Kingdom
Key people
Philip Bowcock (chair)
Mark Radcliffe (CEO)
Brands MFI
RevenueIncrease2.svg £295.7 million (2024) [1]
Decrease2.svg £11.2 million (2024) [1]
Decrease2.svg £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]

Contents

History

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

The organisation employs approximately 540 people across its headquarters in Leyland and Skelmersdale, Lancashire and its premises in Birmingham. [6]

Sponsorship

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

  1. 1 2 3 "Annual Results 2024" (PDF). Victorian Plumbing. Retrieved 21 July 2025.
  2. 1 2 Eley, Johnathan (2021-06-22). "Victorian Plumbing IPO marks biggest debut on London's junior market". Financial Times . Retrieved 2021-09-29.
  3. 1 2 Nicholson, Abigail (2021-06-23). "Scouser's bathroom business he started in parents' shed now worth £1bn". Liverpool Echo . Retrieved 2021-09-29.
  4. ↑ "Victoria Plum receives £1.75m from rival over trademark battle". KBB Review. 17 December 2018. Retrieved 21 July 2025.
  5. ↑ Morgan, Francesca (2021-06-23). "Victorian Plumbing makes history as biggest ever float on AIM". Vox Markets. Retrieved 2021-09-29.
  6. 1 2 Armstrong, Ashley (2021-06-02). "The Victorian Plumbing pipe dream that turned into £1bn". The Times . Retrieved 2021-09-29.
  7. ↑ "Victorian Plumbing buys Victoria Plum in £22.5m deal". BBC News. 2024-05-20. Retrieved 2024-05-20.
  8. ↑ Wright, Georgia (2024-10-15). "Victorian Plumbing to shut rival Victoria Plum following £2m loss - Retail Gazette" . Retrieved 2025-05-15.
  9. ↑ Morgan, Aoife (2025-05-15). "MFI to make high street comeback after almost two decades - Retail Gazette" . Retrieved 2025-05-15.
  10. ↑ "Victorian Plumbing Become New Principal Partner". Bolton Wanderers FC. 6 June 2023. Retrieved 21 July 2025.
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