How big do you have to be before you're not small any more? • 12 March 2007 • The SnowBlog
How big do you have to be before you're not small any more?
There's a piece in the Bookseller today about Quercus. It says that
"Quercus, publisher of Costa winner Steph Penney's The Tenderness of Wolves ... said its revenue in the quarter to end-December 2006 was £1.6 million, up from £200,000 for the same period a year ago. Profits for the quarter jumped to £200,000 from £10,000 a year ago."
Hmm. That's good an'all, but when read in conjunction with this it makes my eyebrows go up:
"Quercus has become a poster child for the rising fortunes of small British publishers. Small publishers such as Quercus, said Anthony Cheetham, chairman, have benefited from the new publishing landscape."
Blimey. If they are small, with £200k profit and £1.6m turnover, what are we?