Information on the target
World of Books Group, founded in 2008 and headquartered in Goring-by-Sea, West Sussex, is a prominent re-commerce business in the second-hand book sector. The company is dedicated to promoting sustainability and literacy through the sale of used books, leveraging established charitable partnerships, including collaborations with the British Heart Foundation. Under the leadership of CEO Graham Bell, World of Books has developed a scalable and sustainable platform, projecting revenues exceeding £100 million in 2021, reflecting a robust 30% year-on-year growth.
As a certified B-Corp, World of Books sources its inventory through both charitable partnerships and direct consumer contributions via the Ziffit app. The company sells its products through its own website and various online marketplaces, including Amazon and eBay, positioning itself as a leader in the re-commerce space while actively contributing to environmental sustainability and community support.
Industry overview in the target’s specific country
The second-hand book market in the UK has experienced significant growth, driven by increasing consumer awareness of sustainability and the environmental impact of new book production. As more readers seek affordable alternatives, the demand for used books has surged, creating a favorable environment for re-commerce businesses like World of Books. This trend aligns with broader consumer behavior shifts towards eco-friendly purchasing practices and the circular economy.
In recent years, the UK government has also emphasized the importance of recycling and reducing waste, further supporting the growth of the second-hand market. Initiatives aimed at promoting literacy and supporting charitable organizations have bolstered the appeal of purchasing used books, as consumers recognize the dual benefit of their purchases.
Moreover, the rise of e-commerce has transformed how consumers access second-hand books, with platforms like World of Books leading the charge. The integration of technology in sourcing and selling has enhanced operational efficiencies, allowing businesses to scale rapidly while maintaining a focus on sustainability. As a result, the UK second-hand book market is poised for continued expansion, with significant opportunities for innovative players.
The rationale behind the deal The investment from Livingbridge into World of Books is strategically aligned with the growing trend of sustainability and re-commerce. By leveraging Livingbridge's expertise and resources, World of Books aims to enhance it…