Sales flushed away at Pimlico Plumbers
Pimlico Plumbers experienced a significant decline in sales last year as competing firms capitalized on the post-pandemic market.
According to documents filed at Companies House for Pimlico Plumbers Limited, its revenue dropped 11% to £45 million (on a pro-rata basis due to a change in accounting period).
Down the plughole: Pimlico Plumbers saw its sales tumble last year as rival firms ramped up their business following the pandemic
The company attributed the decline to increased competition in the market.
Pimlico Plumbers was founded in 1979 by the flamboyant Charlie Mullins, who started working as a plumber after leaving school at 15 without any qualifications.
Based in London, the company has approximately 200 employees and serves a list of celebrity clients, including James Bond actor Daniel Craig, Dame Helen Mirren, and guitarist Eric Clapton.
The company’s profits surged to £73.5 million in 2022, but this was largely due to the sale of intellectual property worth nearly £74 million to another Pimlico Plumbers company.
Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
