Liverpool-based online bathroom retailer Victorian Plumbing has agreed an out-of-court settlement with rival Victoria Plum and appointed investment bank GCA Altium to support a “major international expansion”.
The company, founded in 1999 by Mark Radcliffe, recently announced that its turnover for the six months to September 30th had reached £52.8m, 28% up year on year, with pre-tax profits for the period coming in at £2.5m.
It had lost a High Court case against Victoria Plum back in November 2016, with the court hearing that that Victorian Plumbing had been spending “hundreds of thousands of pounds per annum” on paid search engine adverts that were found liable for trademark infringement.
Victoria Plum had sought “substantial damages” but, in a statement today, Victorian Plumbing said the case had been settled out of court.
It added that it had now appointed investment bank GCA Altium to approach growth-partners to help launch a major international expansion.
Mark Radcliffe, managing director, said: “It was in the interest of both parties to get this settled and we are glad to put this behind us and focus entirely on the future of Victorian Plumbing and our continued success.
