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Daily Record
Daily Record
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Graham Hiscott & Kathleen Speirs

Man who started bathroom firm from parents' shed hits £1billion jackpot

A man who started a bathroom firm from his parents' shed has just hit the £1billion jackpot.

Mark Radcliffe launched Victorian Plumbing from the garden shed in 2000, the Mirror reports.

Its share price jumped on Tuesday's stock market debut, meaning its now worth around £1billion.

Mark, 42, celebrates his success with mum, Carole, dad, George and brother, Neil.

The family were already enjoying the fruits of his labour after selling shares worth £266 million.

Mark Radcliffe started Victorian Plumbing from his parents’ shed in 2000 (MIRROR)

But today's success left them sitting on a stake worth nearly £600million - eclipsing the Queen’s estimated £365million fortune.

Mark hailed today as a “landmark day” in the firm’s history.

It also capped 20 years of effort which has seen Victorian Plumbing become one of the UK’s leading websites for bathroom kit, selling everything from baths to basins, taps and tiles.

It is a dramatic contrast from the firm’s humble beginning, though not Liverpool-born Mark’s only success.

The self-confessed workaholic was the UK’s first eBay millionaire at 30 after founding First2save, a mobile phone accessories business.

One of the bathrooms available from Victorian Plumbing (Victorian Plumbing)

He described the early days of Victorian Plumbing, working in his parents’ shed in Southport.

His dad was a labourer and his mum was a part-time shop worker.

“My parents couldn’t could not support me financially but they helped in other ways,” he said.

“I was fortunate that every day my mother made me breakfast, lunch and dinner.

“As the accessory business grew, my father built an extra shed for me to store products, which I could not have done myself.”

Victorian Plumbing founder and chief executive Mark Radcliffe hailed the admission to AIM as a landmark day for the retailer (MIRROR)

He added: “For the first six years I got up at seven in the morning, wandered down to the garden shed and worked until 10pm to midnight.

“It did not feel like hardship. It was exciting.”

Mark was a hard worker from a very early age, even lying about his age to get a job collecting eggs in a battery farm when he was just 10.

He also did paper rounds and had part-time jobs at McDonald’s and Tesco as a teenager.

It employs more than 500 staff across seven locations including, Manchester and Birmingham (MIRROR)

Asked in 2017 is he every thought he would be a big success, he said: “Yes, I did.

“From the age of 18 I used to say to my mother: ‘By the time I am 25, I will have a Ferrari’.

“When I bought my Ferrari I had just turned 26.”

From the shed, the business moved to a headquarters in Formby, Merseyside, and relocated to a new base in Skelmersdale last year.

Online bathroom retailer Victorian Plumbing has had some celebrity clients in its years like Laurence Llewelyn-Bowen (MIRROR)

It employs more than 500 staff across seven locations including, Manchester and Birmingham.

Mark banked £212million by selling a chunk of shares through today's stock market listing, and still owns 45 per cent of the company.

Neil Radcliffe, 40, the firm’s product director, received £42million and retains a 9 per cent stake.

Carole and George sold £12million worth of shares and still have a 3.3 per cent holding.

Mark, who bought his father a convertible Jaguar sports car for his 60th birthday, used the interview in 2017 to praise his family.

He said: “I could never have achieved what I have without the support of my parents and the hard work of my younger brother, who is the most valuable asset in the entire business.

“At the onset he was a shelf stacker at Morrisons in the evenings, and worked for me in the day because I could not afford to pay him for six months.”

Asked about the secret of his success, he said in the same 2017 interview: “Put simply, it is discipline and hard work.”

However, the married father-of-three had a blunt message for his children when asked whether they should be left is wealth.

“No, I don’t,” he said. “Family, yes, but not my children, because I worry that they will not work hard from a strong financial position.”

Tuesday's listing also raised £11.9 million for the company.

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