Politics

Cancelled exams and closed schools hit sales and profits at textbook publisher

The cancellation of checks and the closure of faculties and stores hit the gross sales and earnings of a textbook publishing corporate, whose merchandise are utilized in colleges around the nation.

Coordination Group Publications has posted a turnover of £36.8m for the twelve months to August 31, 2021, down from the £38.9m it completed throughout the prior 12 months.

The Broughton In Furness-based trade additionally showed its pre-tax earnings dipped from £14.9m to £12.6m over the similar duration.

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CGP was once based in 1995 by way of Richard Parsons and covers a spread of college topics at Key Stages one, two and 3 in addition to GCSEs and A-Levels.

A remark signed off by way of the board mentioned the decline in its turnover was once “driven by a fall in the group’s book sales following the cancellation of exams and the closure of schools and shops in 2021”.

The corporate’s UK turnover fell from £37.9m to £35.6m whilst it rose in the remainder of Europe from £96,407 to £125,770 and from £884,051 to greater than £1m in the remainder of the sector.

The choice of staff additionally higher from 241 to 264.



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