Yorkshire online bathroom retailer expands growth with new product launch
Doncaster headquartered online bathroom retailer Victoria Plum has launched its first kitchen products range as part of the business’s ongoing ambitious growth strategy.
The company has initially introduced seven kitchen cabinet ranges and a variety of kitchen products. These include worktops, tiles, flooring, lighting, Rangemaster sinks and Bristan and Schön taps.
The announcement follows record financial performance by Victoria Plum. For the year ended February 28 2021, the company achieved a 46 per cent increase in sales to £103m whilst EBITDA grew 115 per cent to £4.5m.
Speaking about the launch of the business’s kitchen range, Victoria Plum’s chief executive, Paul McClenaghan, said: “We have an ambitious growth strategy, high performing teams throughout our business and a clear objective of accelerating our rate of expansion.
“This led us to investigate the kitchens marketplace in detail. What we discovered was a distinct opportunity to leverage our supply chain, internal skill set and ecommerce capabilities to successfully enter this segment of the home improvement market.
“Our kitchen products are selling well, and we intend to expand our offer by increasing both our range and our marketing activity.
Victoria Plum, which also has offices in Hessle, was founded 20 years ago and was acquired by Leeds-based private equity fund Endless in October 2019.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
OpenAI decision a wake-up call for our tech plans
Understanding the new Employment Rights Act
Why global conflict is a cyber risk for UK SMEs
Improving safety and standards in construction
From economic engine to community ecosystem
Improving North East transport will improve lives
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector