Pimlico Plumbers, one of London’s best known plumbing firms, boosted profits by 13 per cent last year after smashing through the £20m turnover barrier.
The group, founded by Charlie Mullins in 1979, saw profits rise from £1.5m to £1.7m for the year ending May 2014. Revenues rose by £2m to £20.1m.
“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,” Mullins said.
The group, known for its distinctive blue vans, added that June’s sales had already surpassed May’s. Pimlico is also investing around £400,000 to acquire new vans for the group and is aiming to take on another 20 engineers this year.
“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,” Mullins added.
The Lambeth-based group services famous customers such as James Bond star Daniel Craig.