Expansion is on the cards.

Pimlico Plumbers in deal talks

Published:  03 May, 2010

LONDON: Charlie Mullins, owner of celebrity-favourite Pimlico Plumbers, is talking to American-born millionaire Jim Zockoll to sell a minority stake of the business.

If the plan to raise £25m goes ahead, the cash would be used to expand the business nationwide, Mr Mullins stated.

Jim Zockoll founded British cleaning business Dyno-Rod before selling it to British Gas for £57m in 2004.

Pimlico Plumbers reported a rise in sales for the year to the end of March of £12.6m, compared to £11.9m the previous year.

Mr Mullins said the increase was chiefly due to existing customers calling on the company's range of home maintenance services.

 

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