Carlton saw turnover fall by a quarter in 2017

Carlton saw turnover fall by a quarter in 2017

Turnover at Carlton Books declined last year by 26%, caused by the end of the colouring book boom and a year of transitions, according to accounts filed on Companies House. 

For the year ended 31st December 2017, turnover fell from £14.6m in 2016 to £10.8m in 2017, a drop of 26%. 

Meanwhile, the company reported - despite an increase on its gross margin from 39.2% to 40.3% - a drop in profits. Gross profit declined 24%, from £5.7m to £4.4m, while operating profit fell 81%, from £1.5m to £283,977, and earnings before interest, tax, depreciation and amortization (EBITDA) came in at £351,000...

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