Turnaround Publisher Services Limited

Turnaround Publisher Services Ltd from London UK: a large company, holding company, active status, founded 29 years ago, 62 employees, £14,634,153 assets, real address, 5 directors, 1 owner, google rating 4.0 based on 6 reviews. Regular importer of printed materials like books, newspapers, and pictures (84 months imported). Regular exporter of printed materials like books, newspapers, and pictures (88 months exported).

Turnaround Publisher Services Limited operates as a leading independent book distributor in the UK, and is an Employee Ownership Trust. The company’s website highlights its diverse customer base, including bookshop chains, wholesalers, galleries, and online retailers, both within the UK and internationally. They focus on sales and distribution, offering a comprehensive range of services from sales support to warehousing and marketing. The company also distributes Moleskine notebooks and stationery, and magazines like Kinfolk and Drift.

The business is structured around two main divisions: book distribution and piano restoration. The book distribution side, which is the core of the company, focuses on wholesale and sales of a wide range of genres. The piano restoration division, operating under the name 1066 Pianos, specializes in museum-grade restorations and disaster recovery services. It's a unique blend of heritage and modern business practices.

Financially, Turnaround Publisher Services Ltd presents a mixed picture. While assets remained relatively stable at £14.6 million, net assets increased by 17% to £7.2 million. Cash reserves saw a significant boost, climbing 57% to £6.5 million. However, bank borrowings surged by 2,400%, reaching £29,000, and staff costs increased by 16% to £3 million. Creditors decreased by 18%, suggesting improved debt management. The company’s large size (meeting two of three conditions for a large company) helps it maintain a strong position in the market. The accounts were audited by Goodman Jones LLP.

The company's focus on employee ownership and diverse services positions it well for future growth. However, the increase in bank borrowings and staff costs warrants close monitoring. It will be interesting to see how the two divisions, book distribution and piano restoration, continue to evolve and support each other in the years to come.

Registered in England/Wales under the registration number 03126700, with a registered address at N14 5BP, England, London, Second Floor, Crown House 47 Chase Side, Southgate.

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