2012 Tech Track 100
Rank: 6 musicMagpie.co.uk
Started out as a website for trading in used CDs, DVDs and games
People who no longer want their household goods, from laptops to hair straighteners, can get cash for them on Musicmagpie.co.uk. The Cheshire company’s software lets users enter the item's barcode online or with mobile devices and receive an instant valuation. It plans to launch in the US this autumn. Last year, under founders Steven Oliver and Walter Gleeson, the firm raised £10m from private equity house LDC. Organic growth helped boost sales 191% a year from £2.6m in 2009 to £63.2m in 2012.
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People who no longer want their household goods, from laptops to hair straighteners, can get cash for them on Musicmagpie.co.uk. The Cheshire company’s software lets users enter the item's barcode online or with mobile devices and receive an instant valuation. It plans to launch in the US this autumn. Last year, under founders Steven Oliver and Walter Gleeson, the firm raised £10m from private equity house LDC. Organic growth helped boost sales 191% a year from £2.6m in 2009 to £63.2m in 2012.
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Company facts
musicMagpie.co.uk
Online entertainment trader
Company website
| Sales growth | 191.31% pa |
| 2012 sales | ‡£63.2m |
| 2009 sales | £2.6m |
| 2012 staff | 850 |
| Founded | 2007 |
| Location of HQ | Macclesfield |
| If applicable: * = annualised figures ‡ = draft accounts |
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