musicMagpie PLC, a circular economy pioneer specializing in refurbished consumer technology, disc media, and books in the UK and US, has announced the publication and posting of its Annual Report and Accounts for the year ended 30 November 2023. The report is available on the company's website and hard copies will be sent to shareholders around 15 April 2024. The Annual General Meeting (AGM) is scheduled for 22 May 2024 at One Stockport Exchange, Stockport, UK.
The company's core strategy is to provide consumers with a sustainable and trusted way to buy, rent, and sell refurbished consumer technology and physical media products. With a strong environmental and social focus, musicMagpie has been recognized for its contribution to the global green economy, receiving the London Stock Exchange's Green Economy Mark. The company resold nearly 400,000 consumer technology products and approximately 8.4 million books and disc media in FY23, diverting them from becoming waste.
Customers selling to musicMagpie receive a fixed valuation, free logistics for shipping products, and payment on the day of arrival at the company's warehouse. Additionally, the company has partnered with Asda to offer customers the option of using its SMARTDrop Kiosks in-store for a fast and easy way to recycle phones for instant payment. Customers purchasing from musicMagpie receive branded refurbished products at a fraction of the price of new items.
The company has received numerous accolades, including the highest number of seller reviews on Amazon and eBay, a 4.4* rating on UK Trustpilot with almost 285,000 reviews, and awards such as Best Refurbished in the Uswitch Telecoms Awards 2023, Best Online Retailer, and Best Secondary Market Provider at the Mobile News Awards 2023.
musicMagpie's commitment to sustainability and its innovative approach to the circular economy are evident in its operations, making it a key player in the refurbished consumer technology and physical media market.