History Press returns to profitability following management buyout

History Press returns to profitability following management buyout

The History Press has returned to profitability following a management buyout of the publisher.

Managing director Gareth Swain, publishing director Laura Perehinec and sales director Jamie Kinnear lead the new ownership deal in March 2017 and the Stroud-based press' first set of annual results since then have shown that operating profit for the year to the end of December 2017 was £207,000, up from a loss of £48,000 in 2016. This was acheived after the buyout enabled the publisher to reorganise its debt structure and replace venture capital investment, Swain said. As a result, the company'...

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