World of Books
World of Books is a second-hand book retailer, reported to be the United Kingdom's largest.[1] They buy unsold inventory of used books from UK charity shops, reselling them through their own website and on various online sites such as Amazon.com.[2]
World of Books Ltd
HeadquartersGoring-by-Sea, UK
Area served
ProductsBooks, used books, out of print books, rare books, and textbooks
The company purchases books in bulk, paying by tonnage rather than for individual titles. World of Books also own the 'instant cash for stuff' website Ziffit.com which pays people for their books, DVDs, CDs and games so they can be sold on or recycled. Using custom-designed software, they evaluate each title for saleability and set selling prices accordingly.[2] In 2010 alone, the business recycled 26 million books.[3]
The business was founded in 2000 by Simon Downes, Ben Maxfield and Michael Laundon, who had bought their first books at car boot sales and auctioned them on eBay.[4]
Annualised turnover in 2009 was £5 million, with a projected turnover for that year of £8.5 million. The business was receiving 140 tonnes per week (about 300,000 books) at their depot, purchased from charities at £75 per tonne.[2]
In 2009, World of Books won the Worthing Business Award for New Business of the Year.[5]
In December 2012, World of Books was ranked in 22nd place in the Sunday Times Fast Track 100.[6] In 2018, it was number 197 in the Sunday Times HSBC International Track 200.[7]
In November 2016,[8] it was sold to a fund by Bridges Fund Management, which bought a majority stake for £13 million. At the time, the company reported collecting more than 25,000 tonnes of books per year from 3,700 charity shops across the UK, out of an estimated 50,000 total tonnes in the market.[9]
See also
  1. ^ Hooker, Lucy (28 December 2018). "The booming trade in second-hand books". BBC News. BBC. Retrieved 28 December 2018.
  2. ^ a b c "Trade Month: World of Books' business is booming but it needs to start making a profit". The Daily Telegraph. 20 October 2009.
  3. ^ "World of Books Sees Hundredfold Increase in Revenues". Open Plus. 14 July 2011.
  4. ^ "Fast delivery wins overseas customers". Royal Mail. 2011. Archived from the original on 27 October 2011.
  5. ^ "VIDEO: New business of the year – World of Books". Worthing Herald. 13 October 2009.
  6. ^ "Rank 22nd: World of Books". The Sunday Times. 2 December 2012.
  7. ^ Page, Benedicte (11 June 2018). "Pottermore, Usborne in ST International Track 200 list". The Bookseller.
  8. ^ "World of Books - Bridges Fund Management". www.bridgesfundmanagement.com​. Retrieved 27 March 2020.
  9. ^ "Bridges backs World of Books for new chapter of high-impact growth story". 28 November 2016. Retrieved 27 March 2020.
Last edited on 23 May 2021, at 22:55
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