Family-Owned Victoria Plumb, Online Bathroom Etailer, Set For £150 Million Sale

Online bathroom etailer Victoria Plumb is working with advisers from KPMG on a possible £150 million sale of the business.

The business is owned by the Walker family who are best known for acquiring the MFI brand after its collapse, according to the Sunday Times.

According to accounts filed at Companies House, sales at Victoria Plumb Ltd increased 37 per cent to 26.3 million in the year to February this year. Pretax profit increased 24 per cent to 6 million.

The sale would provide Sean and Jason, who founded the business in 2001 and each own 33 per cent of the business, with a massive windfall. Their father Malcolm, no relation to the Iceland supermarket boss, also controls 33 per cent. 

The family's Walker Group plumbing business bought the rights to the name for £250,000 in 2010. They also acquired the Focus DIY brand. Sean and Jason launched the Victoria Plumb business in 2001.

Victoria Plumb: Could Fetch £150 Million in a Sale

The Sunday Times said the sale of the retailer could attract private equity investors and possible retail buyers.

Victoria Plumb currently has a 'Four Day Bath Bonanza' offering 60 per cent off.