The billionaire founder of online bathroom retailer Victorian Plumbing has increased his stake in the business.
Mark Radcliffe, who is already the largest shareholder in the firm, has upped his holding from 46.57% to 47.09%, according to newly-filed documents with the London Stock Exchange.
The chief executive is by far the biggest single shareholder in the company, with Neil Radcliffe second with a stake of 9.3%.
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Other mayor shareholders include Kayne Anderson Rudnick, JPMorgan Asset Management and Paradice Investment Management.
Mr Radcliffe started Victorian Plumbing from his parents’ shed in 2000.
He was the UK’s first eBay millionaire at 30 after founding First2save, a mobile phone accessories business.
The company completed the largest ever IPO on the London Stock Exchange's Alternative Investment Market in June 2021.
The investment comes after Victorian Plumbing said it remains confident for its future prospects despite the "challenging" operating and economic environment.
The online specialist bathroom retailer said it finished its latest financial year, the 12 months to September 30, "positively" with revenue, earnings, and cash flow all ahead of consensus market expectations.
The Skelmersdale-headquartered firm confirmed its second-half revenue was up c.5% compared to the same period in the prior year.
It added that it experienced a "particularly strong" fourth quarter performance with revenue for the full year "broadly unchanged" from the previous financial year. Victorian Plumbing also said its revenue was c.78% up on the year before the Covid-19 pandemic.
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