UK Home Improvements Giant Defies Trend with Strong Performance
- Victorian Plumbing reports a 5% increase in full-year revenue to £310m
- Trade revenue up 10% to £74m, accounting for 24% of group turnover
- Sales of tiles and décor rise 40% to £17m, representing 5% of total revenue
- Adjusted EBITDA up 17% to £31.8m, adjusted pre-tax profit in line with expectations
- Order volumes reach a record 1.08 million, average order value steady at £287
- MFI brand soft launch in July, full rollout planned for H1 2026
- Investment in Victorian Plumbing and distribution centre supports growth
Victorian Plumbing has reported a 5% increase in full-year revenue to £310m for the year ending September 2025, despite a wider decline in the UK home improvements and DIY market. The company’s trade revenue grew by 10% to £74m, accounting for 24% of group turnover, while sales of tiles and décor rose 40% to £17m, representing 5% of total revenue. Adjusted EBITDA increased 17% to £31.8m, and adjusted pre-tax profit remained in line with market expectations at £21.8m. The company plans to publish its preliminary results on December 3. CEO Mark Radcliffe praised the performance, citing own-brand products and a new distribution center as key factors supporting growth. A soft launch of the MFI brand occurred in July, with a full rollout planned for the first half of 2026.
Factuality Level: 10
Factuality Justification: The article provides accurate and objective information about Victorian Plumbing’s financial performance, market share gains, product range, and plans for the MFI brand relaunch without any sensationalism or personal opinions.
Noise Level: 3
Noise Justification: The article provides relevant information about Victorian Plumbing’s financial performance and market share growth, as well as updates on their MFI brand revival plans. It stays focused on the topic and supports its claims with specific numbers and figures. However, it lacks in-depth analysis or exploration of long-term trends or consequences of decisions.
Financial Relevance: Yes
Financial Markets Impacted: Victorian Plumbing’s financial performance, including revenue growth, EBITDA, and pre-tax profit impacting the company’s market position and future plans
Financial Rating Justification: The article discusses Victorian Plumbing’s financial performance, such as revenue growth, EBITDA, and pre-tax profit, as well as their expansion plans with the MFI brand.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the text
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