Victorian Plumbing has become one of the largest retailers of bathroom products in the UK. Online retailers are picking up a greater share of the market and this is being led by Victorian Plumbing, which is growing much faster than the market as a whole.
Existing shareholders sold just over one-third of the shares in issue and raised £285.9m in the flotation.
The money raised by the company mainly went on paying the expenses of the flotation. There is plenty of cash in the bank and the business is cash generative. The dividend policy is to pay shareholders up to one-fifth ...
