Pimlico Plumbers Exceeds £20 Million Turnover
28th July 2014 Paul Andrews
Pimlico Plumbers, the UK’s largest independent plumbing and home services company, has achieved £20 million turnover for the first time in its 35 year history and is planning further recruitment and investment to meet demand.
For its financial year June 1 2013 to May 31 2014, the central London-based company generated a turnover of £20,060,400. This is an increase of £2 million on its previous financial year.
This growth, which was achieved as the UK began to experience the first stage of post-recession financial recovery, has provided an indication of the additional demand for the companies services in the 2014-15. Already in the first month of the current financial year, the company has experienced its 21st consecutive monthly rise in sales with July 2014 projected to be the 22nd.
To meet this demand, the company is aiming to recruit an additional 20 engineers and will be investing in excess of £400,000 in extra vehicles.
These new engineers will supplement the 15 engineers and 15 support staff that we recruited during 2013-14, which has taken the company’s headcount to 263.
During 2013-2014, Pimlico Plumbers completed a company record of 84,679 jobs, which averages to 232 jobs per day. As a result of the improvement of consumer confidence, the company has seen a shift in the level of planned maintenance work in comparison to emergency response jobs with around 50% of jobs now pre-booked. During the recession, pre-booked jobs dropped to 39%.
Charlie Mullins, Managing Director of Pimlico Plumbers, said: “It would be easy to simply say we’ve benefited from the upturn in the economy, but these results go to the heart of how we run this business. We are agile and able to adapt quickly to changes in the market and customer requirements."
“Even during the recession when we cut our cloth accordingly, we continued to experience growth, but, now the country has come out the other side, the pace has really picked up. This has led to us investing in skills and resources that will make sure we can continue to maintain our reputation for quality and service, which has helped the business deliver these excellent financial results.”