Team will assist carpet maker

Victoria supplies high quality, design-led products to residential and contract markets. Founded in 1895, the group has operations in the UK and Australia, serving a wide range of customers from independent retailers to larger retail businesses such as Carpetright.

Victoria has made several strategic acquisitions over the last few years, including UK-based Westex Carpets, Abingdon Flooring Group and Whitestone Weavers Group, as well as Quest Carpets in Australia.

Most recently, in September 2015, Victoria acquired market-leading underlay and accessories business Interfloor, following which the group currently employs around 1,300 people across the UK and 400 in Australia. Group revenue for the six months to October 3, 2015, grew to £105.6 million from £39.9m for the same period in the previous year.

Birmingham-based audit partner David White will lead the Grant Thornton team working with Victoria, alongside David Hillan, head of corporate tax and Birmingham practice leader.

Mr White said: "Over recent years we have been developing a relationship with Victoria as well as various entities which have been acquired by the group, so it is great to be able to build on and enhance that relationship even further.

"In addition to the Birmingham team, we'll also work closely with our audit, tax and advisory colleagues in Manchester and Leeds, as well as Grant Thornton in Australia."

David Hillan added: "Victoria is a dynamic and entrepreneurial business and, given its recent growth curve, is a perfect fit for Grant Thornton, which works with many such businesses, helping them to achieve their ambitions for growth and create a vibrant economy. We're all looking forward to working with the teams at Victoria as they embark on the next stage of their group's development."

Michael Scott, Victoria PLC's Group Finance Director, said: "Victoria has worked with Grant Thornton on several acquisitions and we have been impressed by their understanding of our business, their level of commitment, as well as technical expertise. The fact that they have offices close to several of our key operational bases around the UK as well as in Australia was also an important factor in their appointment."

Grant Thornton advises close to 200 listed companies, of which 139 are on AIM, and acts as Nominated Advisors for 38 AIM-listed clients.