victorian plumbing ltd
victorian plumbing ltd Company Information
Company Number
04079213
Website
www.victorianplumbing.co.ukRegistered Address
22 grimrod place, skelmersdale, WN8 9UU
Industry
Retail sale via mail order houses or via Internet
Telephone
01704776013
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
vipso ltd 100%
victorian plumbing ltd Estimated Valuation
Pomanda estimates the enterprise value of VICTORIAN PLUMBING LTD at £218.9m based on a Turnover of £285.1m and 0.77x industry multiple (adjusted for size and gross margin).
victorian plumbing ltd Estimated Valuation
Pomanda estimates the enterprise value of VICTORIAN PLUMBING LTD at £200m based on an EBITDA of £19.1m and a 10.47x industry multiple (adjusted for size and gross margin).
victorian plumbing ltd Estimated Valuation
Pomanda estimates the enterprise value of VICTORIAN PLUMBING LTD at £101m based on Net Assets of £48.8m and 2.07x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Victorian Plumbing Ltd Overview
Victorian Plumbing Ltd is a live company located in skelmersdale, WN8 9UU with a Companies House number of 04079213. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in September 2000, it's largest shareholder is vipso ltd with a 100% stake. Victorian Plumbing Ltd is a mature, mega sized company, Pomanda has estimated its turnover at £285.1m with healthy growth in recent years.
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Victorian Plumbing Ltd Health Check
Pomanda's financial health check has awarded Victorian Plumbing Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 10 measures and has 1 areas for improvement. Company Health Check FAQs
10 Strong
1 Regular
1 Weak
Size
annual sales of £285.1m, make it larger than the average company (£326.8k)
£285.1m - Victorian Plumbing Ltd
£326.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (5.5%)
11% - Victorian Plumbing Ltd
5.5% - Industry AVG
Production
with a gross margin of 47.2%, this company has a lower cost of product (36.4%)
47.2% - Victorian Plumbing Ltd
36.4% - Industry AVG
Profitability
an operating margin of 5.4% make it more profitable than the average company (2.3%)
5.4% - Victorian Plumbing Ltd
2.3% - Industry AVG
Employees
with 612 employees, this is above the industry average (4)
612 - Victorian Plumbing Ltd
4 - Industry AVG
Pay Structure
on an average salary of £36.4k, the company has a higher pay structure (£27.3k)
£36.4k - Victorian Plumbing Ltd
£27.3k - Industry AVG
Efficiency
resulting in sales per employee of £465.8k, this is more efficient (£162.3k)
£465.8k - Victorian Plumbing Ltd
£162.3k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (21 days)
2 days - Victorian Plumbing Ltd
21 days - Industry AVG
Creditor Days
its suppliers are paid after 57 days, this is slower than average (32 days)
57 days - Victorian Plumbing Ltd
32 days - Industry AVG
Stock Days
it holds stock equivalent to 82 days, this is in line with average (83 days)
82 days - Victorian Plumbing Ltd
83 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (19 weeks)
52 weeks - Victorian Plumbing Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.7%, this is a lower level of debt than the average (73.2%)
50.7% - Victorian Plumbing Ltd
73.2% - Industry AVG
VICTORIAN PLUMBING LTD financials
Victorian Plumbing Ltd's latest turnover from September 2023 is £285.1 million and the company has net assets of £48.8 million. According to their latest financial statements, Victorian Plumbing Ltd has 612 employees and maintains cash reserves of £46.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Mar 2017 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 285,100,000 | 269,400,000 | 268,800,000 | 208,700,000 | 151,767,623 | 118,082,955 | 52,778,228 | 123,533,720 | 41,638,342 | 19,205,084 | 8,895,755 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 150,500,000 | 148,400,000 | 138,300,000 | 116,700,000 | 130,000,640 | 104,872,475 | 46,777,222 | 108,597,945 | 36,141,167 | ||||||
| Gross Profit | 134,600,000 | 121,000,000 | 130,500,000 | 92,000,000 | 21,766,983 | 13,210,480 | 6,001,006 | 14,935,775 | 5,497,175 | ||||||
| Admin Expenses | 119,300,000 | 108,900,000 | 101,700,000 | 68,000,000 | 11,495,737 | 9,661,289 | 3,547,966 | 11,820,285 | 4,009,140 | ||||||
| Operating Profit | 15,300,000 | 12,100,000 | 28,800,000 | 24,000,000 | 10,271,246 | 3,549,191 | 2,453,040 | 3,115,490 | 1,488,035 | 1,581,276 | 693,094 | ||||
| Interest Payable | 300,000 | 300,000 | 300,000 | 300,000 | 207,467 | 3,375 | 1,523 | 15,171 | 7,248 | 7,796 | 13,310 | ||||
| Interest Receivable | 600,000 | 0 | 0 | 0 | 0 | 3,438 | 3,557 | 5,560 | 0 | 0 | 1,599 | ||||
| Pre-Tax Profit | 15,600,000 | 11,800,000 | 28,500,000 | 23,700,000 | 10,063,779 | 3,549,254 | 2,455,074 | 3,105,879 | 1,480,787 | 1,573,480 | 681,383 | ||||
| Tax | -3,800,000 | -2,600,000 | -5,500,000 | -4,000,000 | -1,927,301 | -582,660 | -495,258 | -462,892 | -321,868 | -346,894 | -160,428 | ||||
| Profit After Tax | 11,800,000 | 9,200,000 | 23,000,000 | 19,700,000 | 8,136,478 | 2,966,594 | 1,959,816 | 2,642,987 | 1,158,919 | 1,226,586 | 520,955 | ||||
| Dividends Paid | 10,600,000 | 0 | 18,900,000 | 11,100,000 | 0 | 3,002,500 | 1,337,500 | 3,381,551 | 1,442,191 | 547,910 | 384,000 | ||||
| Retained Profit | 1,200,000 | 9,200,000 | 4,100,000 | 8,600,000 | 8,136,478 | -35,906 | 622,316 | -738,564 | -283,272 | 678,676 | 136,955 | ||||
| Employee Costs | 22,300,000 | 19,100,000 | 19,300,000 | 8,300,000 | 6,429,905 | 5,173,571 | 2,070,567 | 5,485,315 | 2,119,612 | 1,211,847 | |||||
| Number Of Employees | 612 | 572 | 531 | 369 | 298 | 266 | 223 | 196 | 111 | 78 | |||||
| EBITDA* | 19,100,000 | 16,500,000 | 31,800,000 | 25,600,000 | 12,123,335 | 4,489,248 | 2,743,079 | 3,725,047 | 1,627,874 | 1,683,650 | 725,342 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Mar 2017 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,300,000 | 2,300,000 | 7,000,000 | 6,800,000 | 4,003,276 | 780,922 | 808,859 | 872,299 | 781,405 | 701,974 | 375,847 | 318,047 | 53,471 | 4,189 | 5,685 |
| Intangible Assets | 8,300,000 | 7,800,000 | 2,700,000 | 2,500,000 | 1,758,971 | 1,434,210 | 1,097,943 | 847,474 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 400,000 | 700,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 437,470 | 0 | 0 | 0 |
| Total Fixed Assets | 13,600,000 | 10,000,000 | 9,700,000 | 9,300,000 | 5,762,247 | 2,215,132 | 1,906,802 | 1,719,773 | 781,405 | 701,974 | 375,847 | 755,517 | 53,471 | 4,189 | 5,685 |
| Stock & work in progress | 34,200,000 | 33,900,000 | 32,400,000 | 23,000,000 | 16,383,633 | 10,132,130 | 9,461,584 | 6,993,031 | 4,182,948 | 2,185,728 | 506,078 | 235,046 | 231,097 | 141,122 | 99,954 |
| Trade Debtors | 2,200,000 | 2,000,000 | 2,300,000 | 1,900,000 | 1,148,880 | 888,435 | 576,830 | 1,103,825 | 174,984 | 27,398 | 83,461 | 243,348 | 510,295 | 194,656 | 93,541 |
| Group Debtors | 0 | 0 | 0 | 5,900,000 | 2,123,253 | 1,218,753 | 893,753 | 695,130 | 728,797 | 616,569 | 585,678 | 0 | 0 | 0 | 27,103 |
| Misc Debtors | 2,600,000 | 3,100,000 | 2,500,000 | 2,200,000 | 2,999,336 | 2,521,703 | 4,442,064 | 2,503,736 | 1,031,623 | 560,643 | 297,217 | 61,721 | 0 | 0 | 0 |
| Cash | 46,400,000 | 45,500,000 | 28,300,000 | 9,000,000 | 2,681,079 | 612,729 | 800,129 | 214,699 | 1,615,371 | 285,906 | 51,150 | 13,188 | 39,716 | 33,466 | 43,191 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 85,400,000 | 84,500,000 | 66,500,000 | 44,300,000 | 25,501,288 | 15,373,750 | 16,174,360 | 11,510,421 | 7,733,723 | 3,676,244 | 1,523,584 | 553,303 | 781,108 | 369,244 | 263,789 |
| total assets | 99,000,000 | 94,500,000 | 76,200,000 | 53,600,000 | 31,263,535 | 17,588,882 | 18,081,162 | 13,230,194 | 8,515,128 | 4,378,218 | 1,899,431 | 1,308,820 | 834,579 | 373,433 | 269,474 |
| Bank overdraft | 0 | 0 | 0 | 0 | 22,677 | 0 | 0 | 0 | 0 | 0 | 9,550 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,775 | 11,775 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 23,900,000 | 26,200,000 | 23,400,000 | 21,700,000 | 16,411,172 | 12,705,694 | 10,915,005 | 8,366,690 | 5,209,335 | 2,277,215 | 988,600 | 822,245 | 527,153 | 184,623 | 111,300 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,977 | 0 | 0 | 23 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,000,000 | 900,000 | 900,000 | 800,000 | 526,963 | 22,205 | 22,737 | 22,163 | 32,628 | 0 | 20,631 | 0 | 0 | 0 | 0 |
| other current liabilities | 21,500,000 | 19,300,000 | 24,600,000 | 13,700,000 | 6,322,182 | 4,525,681 | 5,253,340 | 3,574,057 | 2,568,526 | 738,966 | 278,231 | 0 | 0 | 0 | 0 |
| total current liabilities | 46,400,000 | 46,400,000 | 48,900,000 | 36,200,000 | 23,282,994 | 17,253,580 | 16,191,082 | 11,962,910 | 7,822,264 | 3,043,933 | 1,297,012 | 822,245 | 527,176 | 184,623 | 111,300 |
| loans | 7,600,000 | 8,200,000 | 9,800,000 | 11,200,000 | 6,494,104 | 0 | 0 | 0 | 125,435 | 136,938 | 150,326 | 116,809 | 0 | 0 | 0 |
| hp & lease commitments | 3,800,000 | 4,100,000 | 4,900,000 | 5,600,000 | 3,247,052 | 12,932 | 34,542 | 46,198 | 67,664 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 64,645 | 26,717 | 0 | 0 |
| provisions | 0 | 0 | 600,000 | 600,000 | 43,196 | 52,903 | 1,550,165 | 1,538,029 | 78,144 | 80,518 | 13,940 | 3,923 | 1,716 | 666 | 927 |
| total long term liabilities | 3,800,000 | 4,100,000 | 5,200,000 | 5,900,000 | 3,268,650 | 65,835 | 1,584,707 | 1,584,227 | 271,243 | 217,456 | 164,266 | 185,377 | 28,433 | 666 | 927 |
| total liabilities | 50,200,000 | 50,500,000 | 54,100,000 | 42,100,000 | 26,551,644 | 17,319,415 | 17,775,789 | 13,547,137 | 8,093,507 | 3,261,389 | 1,461,278 | 1,007,622 | 555,609 | 185,289 | 112,227 |
| net assets | 48,800,000 | 44,000,000 | 22,100,000 | 11,500,000 | 4,711,891 | 269,467 | 305,373 | -316,943 | 421,621 | 1,116,829 | 438,153 | 301,198 | 278,970 | 188,144 | 157,247 |
| total shareholders funds | 48,800,000 | 44,000,000 | 22,100,000 | 11,500,000 | 4,711,891 | 269,467 | 305,373 | -316,943 | 421,621 | 1,116,829 | 438,153 | 301,198 | 278,970 | 188,144 | 157,247 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Mar 2017 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 15,300,000 | 12,100,000 | 28,800,000 | 24,000,000 | 10,271,246 | 3,549,191 | 2,453,040 | 3,115,490 | 1,488,035 | 1,581,276 | 693,094 | ||||
| Depreciation | 600,000 | 1,500,000 | 1,400,000 | 300,000 | 845,092 | 304,558 | 140,639 | 445,266 | 139,839 | 102,374 | 32,248 | 18,038 | 5,000 | 1,496 | 2,092 |
| Amortisation | 3,200,000 | 2,900,000 | 1,600,000 | 1,300,000 | 1,006,997 | 635,499 | 149,400 | 164,291 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -3,800,000 | -2,600,000 | -5,500,000 | -4,000,000 | -1,927,301 | -582,660 | -495,258 | -462,892 | -321,868 | -346,894 | -160,428 | ||||
| Stock | 300,000 | 1,500,000 | 9,400,000 | 6,616,367 | 6,251,503 | 670,546 | 9,461,584 | 6,993,031 | 1,997,220 | 1,679,650 | 271,032 | 3,949 | 89,975 | 41,168 | 99,954 |
| Debtors | -400,000 | 400,000 | -5,200,000 | 3,728,531 | 1,642,578 | -1,283,756 | 5,912,647 | 4,302,691 | 730,794 | 238,254 | 223,817 | 232,244 | 315,639 | 74,012 | 120,644 |
| Creditors | -2,300,000 | 2,800,000 | 1,700,000 | 5,288,828 | 3,705,478 | 1,790,689 | 10,915,005 | 8,366,690 | 2,932,120 | 1,288,615 | 166,355 | 295,092 | 342,530 | 73,323 | 111,300 |
| Accruals and Deferred Income | 2,200,000 | -5,300,000 | 10,900,000 | 7,377,818 | 1,796,501 | -727,659 | 5,253,340 | 3,574,057 | 1,829,560 | 460,735 | 278,231 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -600,000 | 0 | 556,804 | -9,707 | -1,497,262 | 1,550,165 | 1,538,029 | -2,374 | 66,578 | 10,017 | 2,207 | 1,050 | -261 | 927 |
| Cash flow from operations | 15,300,000 | 8,900,000 | 34,700,000 | 24,478,552 | 7,794,225 | 4,085,566 | 4,592,100 | 5,445,209 | 3,337,298 | 1,234,780 | 524,668 | ||||
| Investing Activities | |||||||||||||||
| capital expenditure | -1,520,951 | -477,068 | -1,564,682 | -214,638 | -431,084 | ||||||||||
| Change in Investments | -300,000 | 700,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -1,520,951 | -477,068 | -1,564,682 | -214,638 | -431,084 | ||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,775 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15,977 | 15,977 | 0 | -23 | 23 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -600,000 | -1,600,000 | -1,400,000 | 4,705,896 | 6,494,104 | 0 | 0 | 0 | -11,503 | -13,388 | 33,517 | 116,809 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -200,000 | -800,000 | -600,000 | 2,625,985 | 3,738,878 | -22,142 | 57,279 | 68,361 | 100,292 | -20,631 | 20,631 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -64,645 | 37,928 | 26,717 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 300,000 | -300,000 | -300,000 | -300,000 | -207,467 | 63 | 2,034 | -9,611 | -7,248 | -7,796 | -11,711 | ||||
| cash flow from financing | 3,100,000 | 10,000,000 | 4,200,000 | 5,219,990 | 6,331,461 | -22,079 | -257,630 | 480,371 | -346,372 | -14,063 | -22,208 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | 900,000 | 17,200,000 | 19,300,000 | 6,318,921 | 2,068,350 | -187,400 | 800,129 | 214,699 | 1,329,465 | 234,756 | 37,962 | -26,528 | 6,250 | -9,725 | 43,191 |
| overdraft | 0 | 0 | 0 | -22,677 | 22,677 | 0 | 0 | 0 | 0 | -9,550 | 9,550 | 0 | 0 | 0 | 0 |
| change in cash | 900,000 | 17,200,000 | 19,300,000 | 6,341,598 | 2,045,673 | -187,400 | 800,129 | 214,699 | 1,329,465 | 244,306 | 28,412 | -26,528 | 6,250 | -9,725 | 43,191 |
victorian plumbing ltd Credit Report and Business Information
Victorian Plumbing Ltd Competitor Analysis
Perform a competitor analysis for victorian plumbing ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in WN8 area or any other competitors across 12 key performance metrics.
victorian plumbing ltd Ownership
VICTORIAN PLUMBING LTD group structure
Victorian Plumbing Ltd has 1 subsidiary company.
Ultimate parent company
2 parents
VICTORIAN PLUMBING LTD
04079213
1 subsidiary
victorian plumbing ltd directors
Victorian Plumbing Ltd currently has 3 directors. The longest serving directors include Mr Mark Radcliffe (Apr 2005) and Mr Neil Radcliffe (Oct 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Radcliffe | United Kingdom | 45 years | Apr 2005 | - | Director |
| Mr Neil Radcliffe | England | 43 years | Oct 2011 | - | Director |
| Mr Daniel Barton | England | 38 years | Apr 2023 | - | Director |
P&L
September 2023turnover
285.1m
+6%
operating profit
15.3m
+26%
gross margin
47.3%
+5.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
48.8m
+0.11%
total assets
99m
+0.05%
cash
46.4m
+0.02%
net assets
Total assets minus all liabilities
victorian plumbing ltd company details
company number
04079213
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
September 2000
age
24
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
September 2023
address
22 grimrod place, skelmersdale, WN8 9UU
accountant
-
auditor
ERNST & YOUNG LLP
victorian plumbing ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 5 charges/mortgages relating to victorian plumbing ltd. Currently there are 2 open charges and 3 have been satisfied in the past.
victorian plumbing ltd Companies House Filings - See Documents
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