Victorian Plumbing
Victorian Plumbing is a British eCommerce company listed on the London Stock Exchange's Alternative Investment Market.
History
The company was founded by Mark Radcliffe from his parents' shed in Merseyside in 2000.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.
On 22 June 2021, the company floated on the Alternative Investment Market with a market capitalisation of £850 million. Its founder divested £212 million worth of shares, reducing his share to 46%. Radcliffe's brother and mother owned a 20% stake between them.
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.
Operations
The organisation employs approximately 540 people across its headquarters in Leyland and Skelmersdale, Lancashire and its premises in Birmingham.Sponsorship
On 6 June 2023, the company announced that it would become the principal shirt sponsor of EFL League One team Bolton Wanderers.In 2024, Victorian Plumbing announced its involvement in snooker through a partnership with the World Snooker Tour. It also became the title sponsor of the UK Championship, one of the snooker's Triple Crown event.