Millionaire plumber Charlie Mullins paid himself £3.3m in dividends last year


Millionaire plumber Charlie Mullins paid himself £3.3m in dividends last year

William Turvill, Financial Mail On Sunday

Millionaire plumber Charlie Mullins paid himself £3.3million in dividends last year, new accounts show.

Revenues at Pimlico Plumbers flowed up 26 per cent to £43.4million in the year to May 2018. 

Pre-tax profits dipped from £4.8 million to £4.2million.

Wealthy: Millionare plumber Charlie Mullins paid himself £3.3million in dividends last year, new accounts show

Wealthy: Millionare plumber Charlie Mullins paid himself £3.3million in dividends last year, new accounts show

Wealthy: Millionare plumber Charlie Mullins paid himself £3.3million in dividends last year, new accounts show

Mullins, 66, and his son Scott, 46 – the two directors – paid themselves salaries totalling £711,512 during the year, up from a combined £485,248. 

Mullins’ dividends totalling £3.3million were down from £3.75million in the previous year.

The Mail on Sunday revealed last month that Mullins has given up on an attempt to sell 20 per cent of the firm – which he values at £100 million – after searching for a new investor last year.



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