It YS Pensord to have a strong PPA


Pensord Managing Director Darren Coxon is wholeheartedly behind this exciting initiative for our customers. Darren said:


“This is a very important initiative for us, as a strong PPA means a strong publishing sector. The fortunes of the publishing sector and Pensord are intrinsically linked. If publishers do well, then Pensord is more likely to do


well, and one significant way we can help publishers’ businesses is by literally putting our money where our mouth is to help with membership costs and encourage the industry to come on board.


“Pensord believes the industry needs an effective, strong and vibrant association that is active and delivers a service that is valued and respected.


PPA Chief Executive Barry Mcllheney said:


“Pensord and the PPA have always worked very closely together over the years, and I am thrilled with this exciting new initiative.


“PPA membership is actually starting to grow again, despite a tough economic climate, and this Pensord voucher scheme will help it grow even more.


Voucher Terms & Conditions


“There has never been a more important time for our industry to work together, and I look forward to welcoming a number of new members through this scheme.


“Thanks again to Darren and all the Pensord team for working so hard to make this happen.”


“We are passionate that the PPA brand should symbolise excellence in UK publishing and publishers should aspire to membership, and we will do what we can to achieve this.”


What is offered? Pensord will issue vouchers to their customers to the value of 50% of their PPA membership fee. The offer only applies to customers with a publishing turnover of up to £7 million. The vouchers are valid for the first year’s membership fee only and reserved exclusively for new membership applications. The vouchers cannot be used for publishers renewing their existing membership.


Who is eligible? Publishers who are Pensord customers at the time of applying for PPA membership. Namely, publishers who have placed work with Pensord in 2010 or who place work with Pensord before March 31 2011. Pensord reserves the right to withdraw the offer at any time without prior notice. Publishers applying for this offer must meet the criteria for PPA membership.


How are the fees assessed? PPA membership fees are based on a company’s publishing turnover and are subject to a minimum fee of £895. The fees are assessed as follows: £1 per 1,000 for the first £1.25 million and then 75p for each of the following 1,000s up to £7 million. Turnover £1 million £4 million £7 million


Publisher A Publisher B Publisher C


Annual Fee* Payment due Saving £1,000 £3,312 £5,562


£500


£1,656 £2,781


*The annual fee is the cost before the Pensord voucher subsidy. Please note VAT will apply at the appropriate rate. £500


£1,656 £2,781


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