Bathroom retailer Victorian Plumbing has announced it plans to float on London Stock Exchange’s AIM market.
The Liverpool-headquartered company offers a range of more than 24,000 products to consumers and trade customers.
The online retailer’s admission to the stock market is expected on or around 22 June 2021, with GCA Altium acting as Nominated Advisor and Financial Advisor. Barclays Bank PLC and Numis Securities Limited are Joint Global Coordinators.
Victorian Plumbing has grown rapidly in recent years and is now one of the UK’s leading online specialist bathroom brands with an estimated 14.2 per cent of bathroom market revenue in 2020.
It achieved £208.7m revenue and £26.2m adjusted EBITDA in the financial year ended 30 September 2020. In the six months to March 31 2021, the retailer delivered £140.7m in revenue and £20.1m adjusted EBITDA.
Mark Radcliffe, Founder & Chief Executive Officer of Victorian Plumbing, commented:
“It’s been a fantastic and eventful journey growing Victorian Plumbing over the past two decades. Our early and sustained investment in digital retailing and the advantages that brings has allowed us to make the most of the structural shift in consumers increasingly looking to buy bathroom products online.
“As we are now the leading online retailer of bathroom products in the UK, it seems the ideal time to join the UK stock market. With the deep sector expertise and talent of our senior team members and the fundamental strengths of our proven business model within a growing market, we are excited for the significant growth opportunities that lie ahead for Victorian Plumbing.”
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