Online bathroom retailer Victorian Plumbing has revealed its plans to open a new distribution centre in Lancashire as part of the brand’s strategic expansion and long-term commitment to the market.
The company has signed an agreement to enter into a 20-year lease on a new, 544,000sq ft, purpose-built distribution centre in Lancashire, located close to its existing operations.
The new facility will support the Group’s expansion and will enable consolidation of a number of the Group’s existing sites, although some existing facilities will be retained to enable further adjacent category expansion.
The centre is scheduled to be completed in autumn 2023 and will become fully operational after a period of dual running with existing sites to ensure a smooth transition.
Mark Radcliffe, founder and chief Executive officer of Victorian Plumbing, said: “This new facility represents another exciting milestone for the business, providing us with capacity to manage growth in the long-term while further establishing Victorian Plumbing’s position as the No. 1 bathroom retailer in the UK. I am also delighted that this new facility will create additional jobs and further support our investment in the local area.”
Victorian Plumbing will invest in fitting the new distribution centre through the current and next financial year. This investment will provide the Group with the additional operational capacity to support its growth, further strengthening its market-leading position. A c.£50m right of use asset and a corresponding lease liability of the same value will be recognised on the balance sheet following completion of the fit-out. After the initial investment and operational transition period, cash outflows associated with this lease will be broadly neutral compared to current property costs.