Victorian Plumbing founders pocket £266m payday from float

The family that founded Victorian Plumbing are lining up for a £266 million payday after floating in London’s junior market.

The Formby-based online bathroom accessories store was founded in 2000 by serial entrepreneur and chief executive Mark Radcliffe, 42, after he created a website for his father who restored Victorian bathrooms.

He was the UK’s first eBay millionaire at age 30 after founding First2save, a mobile phone accessories company.

His brother, Neil, who is a product director at the company, and their mother Carole both have interests in the company.

The Radcliffes sold shares worth £266 million and will own 58 percent of the company after the £850 million IPO on the alternative investment market.

The founder’s remaining stake is worth £388m at the listing price of 262p after selling shares worth £212m. Neil and Carol Radcliffe sold shares worth £42.4 million and £12 million respectively.

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