Welbeck reports 'well-balanced' results for first year's trading

Welbeck reports 'well-balanced' results for first year's trading

Welbeck Publishing Group (WPG) has reported turnover of £13m and operating profit of £1.3m in 2019 in its inaugural financial results, taking stock of its first nine months of trading.

Publishers Marcus Leaver and Mark Smith, who respectively held roles as the former c.e.o. of The Quarto Group and former c.e.o. of Bonnier's Zaffre division, set up the new publishing group, encompassing newly acquired Carlton Books and Andre Deutsch, in April 2019.

Accounts for the year ending 31st December 2019 show the company's gross profit was £5.5m, with net assets of £3.3m, in line with expectations....

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