Pushkin Press Limited

Pushkin Press Ltd from London UK: a small, active company founded 30 years ago, employs 13 people, and operates from a real address. It’s a family business with one director and three owners. The company regularly imports printed materials like books, newspapers, and pictures (8 months imported), and occasionally exports them (2 months exported). It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s website, pushkinpress.com, showcases a curated selection of literary fiction and poetry, with a focus on international authors and translations. It’s clearly an e-commerce business, offering books for sale directly to consumers. The site is well-designed and features a blog with author interviews and reading guides. There’s also a section dedicated to the Pushkin Collection, a new line of merchandise including fabrics, stitching, and ceramics—a departure from traditional book publishing. It seems like they are trying to diversify their revenue streams.

Financially, Pushkin Press Ltd’s latest report reveals a mixed picture. Accumulated depreciation for computer equipment increased by 7.8%, while office equipment depreciation rose significantly at 63.0%. However, cash bank on hand dropped by a considerable 41%, and creditors increased by 15%. Trade debtors have surged by a whopping 110%, which could indicate delayed payments from customers, or perhaps a strategy to offer more credit. Equity has also decreased by 48%, which is concerning. The company's net assets are at -£690,000. The increase in deferred tax liability from amount recognised in profit or loss is also notable. The company’s small size means it’s exempt from an audit, so the figures are unaudited.

Overall, Pushkin Press Ltd appears to be navigating a challenging financial landscape. While its website and merchandise line suggest a commitment to innovation, the declining equity and cash reserves raise questions about its long-term sustainability. The company’s reliance on imports and occasional exports also leaves it vulnerable to global economic fluctuations.

Registered in England/Wales under the registration number 03052719, with a registered address at WC2R 1LA, London, Somerset House, Strand.

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