Practical Publishing International Limited

Practical Publishing International Ltd, based in Cheadle, UK, is a small holding company with an active status, celebrating 24 years since its founding in 2001. Employing 63 people and holding assets of £2,571,763, the company operates from a virtual address – with 67 other companies registered at the same location – and is overseen by four directors and one owner. It regularly imports miscellaneous manufactured goods (118 months of import activity, last in August 2022) but exports iron or steel products irregularly (just 2 months of export activity, last in October 2019).

The company’s core business revolves around providing creative people with the very best products and ideas, primarily through its market-leading craft websites, magazines, and products. Brands like CraftWorld, CraftStash, Simple Sew, and Knit Now cater to diverse crafting interests, from papercrafting and sewing to knitting and crochet. It even offers subscriptions and physical boxes, like the Crochet Society and Papercraft Society, delivering monthly curated goodies. The company’s website highlights its reach, claiming to reach 250,000 crafters worldwide per month and distribute over 3 million magazines and books annually. It’s a privately owned international media group with direct manufacturing relationships in Asia, ensuring a continuous supply of craft products.

Financially, Practical Publishing International Ltd shows a mixed picture. Net assets increased by 18% to £1.2 million, while cash reserves increased by 44% to £250,000. However, bank borrowings decreased by 41% to £80,000. Creditors decreased by 18% to £1.6 million, suggesting improved debt management. Average employees decreased by 14% to 54, which could be a result of restructuring or seasonal fluctuations. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in employees is something to keep an eye on. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Practical Publishing International Ltd seems to be holding its own, capitalizing on its established brands and diverse product offerings. The company’s ability to adapt to changing consumer preferences and maintain its market position will be key to its continued success.

Registered in England/Wales under the registration number 04191165, with a registered address at SK8 3TD, Cheadle, Cheshire, Clarke Nicklin House Brooks Drive, Cheadle Royal Business Park.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.