Online bathroom retailer Victorian Plumbing Group has announced revenue up 29% for the year ended September 30, 2021.
According to the company, it reflected “strong” trading in the first three quarters of the year, with more subdued market conditions as lockdown restrictions were eased, before customer demand improved in September.
Victorian Plumbing Group reported while growth moderated over the summer, gross margins remained “strong” throughout the year and adjusted EBITDA is anticipated to be ahead of market expectations.
It also stated, given the global supply chain issues, the company had been proactive optimising its stock holding going into the new financial year.
Headquartered in Skelmersdale, Lancashire, the group employs over 500 staff across seven locations in Skelmersdale, Manchester and Birmingham.
Victorian Plumbing offers a range of over 24,000 products to consumer and trade customers, proving more than 125 own and third-party brands.
The bathroom retailer floated on the London Stock Exchange on June 22, 2021 and management will provide an update in the Group’s maiden preliminary results on December 9, 2021.