post in : Comics , Comics Publishers , Current News , Yen Press| Tagged : adamant , Diamond UK
The financial detail of Diamond Comic Distributors ( UK ) , reveal during bankruptcy filings , including earnings , going and society assets .
Article Summary
Diamond Comic Distributors , in the Christ Within of its resolution of Chapter 11 bankruptcy , will have its assets auctioneer off in March at the office of Raymond James in New York . Among the assets – and one that there is a stalk horse bid for from Alliance Distribution – is Diamond Comic Distributors ( UK).Originally found byMike Lake , Nick Landau , andMike Luckmanin 1978 as Titan allocator , it was sold to Diamond decades later as the distributor gain a monopoly placement in the lineal market and was renamed Diamond UK.And , in the support , we get to see some of its financial details . Such as the following sum-up ;
As of December 31 , 2024 , Diamond UK reported its current plus at just over £ 10 million with just over £ 4 million in liability , giving final plus at over £ 6.3 million . Compared to the same clip last year , when almost £ 9 million against £ 3.3 million left £ 5.5 million , this adds almost a million pounds to its worth .
Total sales for 2024 , after regaining , were over £ 21 million . full turnover in 2022 was almost £ 23 million , with a gross net profit of over £ 3 million but a net departure of £ 182,000 . 2023 saw total turnover drop cloth to £ 21 million , with a megascopic profit still over £ 3 million , albeit slenderly reduce , but turned that into a net profit of £ 108,000 in 2023 . Those are the variety of margins on which they operate .
The financial statements also unveil that Diamond UK has unlike fiscal concord with DC Comics , Yen Press , and Kodansha than with other publishers . In these agreement , Diamond is paid on an bureau fee scheme rather than as a verbatim pct of revenue . However , as we previously reported , that was challenge last year .
It is notable that , while Diamond Comic Distributors had to enter Chapter 11 bankruptcy , Diamond UK remains a profitable and growing part of the ship’s company , which may be why it is being break off as part of the Diamond sale . It has always been estimated as around 10 to 15 % of the distributor ’s business , but with 400 stores and still diffuse the vast majority of DC , Marvel , Image , Dark Horse and IDW funny Good Book to British computer storage and beyond , it may be a more important aspect of the currently downsize Diamond operation .
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