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Retail & Consumer

Sales near £40m at textbook publishing company CGP

CGP's textbooks cover a range of school subjects at Key Stages one, two and three as well as GCSEs and A-Levels

Coordination Group Publications was established in 1996(Image: Coordination Group Publications)

Sales neared £40m at a Cumbria-headquartered textbook publishing company, whose products are used in schools across the country, during its latest financial year.

Coordination Group Publications has reported a turnover of £38.9m for the 12 months to August 31, 2020, up from £36.2m.

The Broughton In Furness-based business' pre-tax profits also increased from £13.7m to £14.9m over the same period.

CGP was founded in 1995 by Richard Parsons and covers a range of school subjects at Key Stages one, two and three as well as GCSEs and A-Levels.

A statement signed off by the board said: "The increase in turnover has been driven by an improvement in the group's º£½ÇÊÓÆµ book sales.

"Operating profit has increased slightly in 2020 due to changes in sales mix."

The company sold more than 12 million products in 2020, according to its website.