Victorian Plumbing records 11 per cent revenue increase

Bathroom retailer Victorian Plumbing Group has recorded revenue increases of about 11 per cent in its latest published accounts.

Revenues at the Leyland based firm were up to £344m in financial year 2026, compared to £310m the previous year.

Announcing its results, the firm said it had seen a 13 per cent increase in total orders, although this was offset by a five per cent reduction in average order value. 

The Group also benefited from about £7m of revenue generated by its recently acquired haulage business, Sovereign Transport Services, and £3m from its furniture and homeware brand MFI. Tiles and flooring revenue grew by 76 per cent to £31m, while trade revenue grew six per cent to £78m.

Group adjusted profit before tax is expected to be about £22m, a slight increase on the previous year and, according to Victorian Plumbing, ahead market expectations. The firm also said that figure includes a £4m loss at MFI which was the subject of investment to establish it in the UK homewares market.

Stephnie Judge, chief executive, said: "The strong momentum we delivered in the first half continued throughout the rest of the year, with the Group achieving record revenue, maintaining double digit growth and further strengthening our position as the UK's leading bathroom retailer.

"During the year we gained further market share, improved marketing efficiency and increased our brand awareness. We continue to outperform the wider market despite a challenging consumer backdrop, driven by the strength of our customer proposition, own brand offering and broad product range across both consumer and trade.

"We were particularly pleased by strong growth in tiles and flooring, demonstrating the strength of our category expansion strategy. As we diversify into new revenue streams, MFI has delivered a successful first full year of trading, giving us growing confidence in the scale of the opportunity ahead. An expanding product range and strong customer engagement continue to support momentum in the proposition.

"Our investment in infrastructure continues to deliver tangible benefits, with our distribution centre driving operational efficiencies and providing a platform for future growth across the Group.

"With continued momentum in the business, a market leading position, strong balance sheet and highly cash generative business model, we remain confident in our ability to deliver sustainable long-term growth and create further value for shareholders."