Online bathroom retailer, Victorian Plumbing, has traded ahead of expectations with revenue up 78% compared to pre-pandemic levels (2019).
Despite a slump in the sector, the Liverpool ecommerce operation saw a “particularly strong” performance in the final quarter of the year.
This, it stated, established it as the UK’s “No.1 bathroom retailer.”
In the full year trading update, the company added that it was “highly cash generative” and would start the new financial year with more than £43m of net cash.
“Whilst the operating and economic environment is challenging, as a highly cash generative business with a strong balance sheet and growing momentum through 2022 we enter the new financial year with confidence in our plans for further progress,” it stated.
Its preliminary results will be published in December.
