Global plumbers merchant chain Ferguson plc has sold its Wolseley UK heating and plumbing distribution business, to private investment firm Clayton, Dubilier & Rice today (January 4 2021) for approximately £308 million. In the year ended July 31, 2020 Wolseley UK’s revenue was £1,403 million, with operating profits at £2.2million. …
Read More »Wolseley parent taxes back to UK
Ferguson plc, parent company of UK plumbing heating and civils merchants Wolseley UK, is to move its headquarters back to the UK for tax purposes, it announced in its interim results yesterday (March 26). The group, which renamed itself Ferguson plc to match 83% of its revenue that comes from …
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