Charlie Mullins, the entrepreneur who sold his Pimlico Plumbers business for £140 million just over a year ago, today declared that deal was “the biggest mistake of my life”.
Mullins, dubbed Britain’s first millionaire plumber, sold his business to US giant Neighbourly at the end of 2021. He set up Pimlico Plumbers after leaving school at 15 with no qualifications and becoming an apprentice. He started his business in 1979 from a Pimlico estate agent’s basement, with a second-hand van and a bag of tools, and built it up into a £50 million-a-year trade empire.
