Skelmersdale based Victorian Plumbing came 24th in the latest Sunday Times BDO Profit Track 100 league table. Now in its 22nd edition, the table ranks the country’s private companies with the fastest-growing profits over their last three years.
Victorian Plumbing have grown their operating profits by an average of 74% a year over the past three years to £26m in the year to September 2020. After lockdown, home renovations led to a surge in demand and Victorian Plumbing dispatched more than 750,000 orders in 2020, enabling them to create 80 new jobs.
Victorian Plumbing are just one of 13 new entrants among the 17 North West-based companies included in this year’s ranking. The North West businesses have grown their operating profits by an average of 56% a year over the past three years to a total of £180m, and together they employ more than 9,300 people.
Ed Dwan, North West-based tax partner at BDO, said:
“These ambitious, entrepreneurially-spirited businesses punch well above their weight and are vital for the UK economy – they invest and this investment also creates jobs.
“As the vaccine programme continues to be rolled out and lockdown restrictions are eased, high growth businesses like these must have adequate support.
“We are pleased to see the range of business support measures in this year’s Budget. Developing and strengthening our innovation-focused economy is crucial and these businesses will play a key role in the UK’s wider economic recovery post-pandemic.”
The BDO Profit Track 100 league table is sponsored by BDO, Santander and UBS Wealth Management, and is compiled by Fast Track, the Oxford-based research and networking events firm.
