musicMagpie

musicMagpie, headquartered at Stockport Exchange, is a circular economy pioneer. It offers customers a smart, sustainable and trusted way to buy, rent and sell tech and media products.

The business was co-founded by Steve Oliver in 2007, originally as a way to make money from pre-owned CDs, but has since expanded to refurbished consumer technology. musicMagpie went from being set up in Steve’s garage in Hazel Grove in Stockport all those years ago to a business with a turnover of circa £150 million.

The business operates through its 2 trusted brands, musicMagpie in the UK and Decluttr in the US. musicMagpie’s circular model of recycling, refurbishing, reselling and renting products helps to make tech more affordable and reduces its impact on the planet. Its environmental and social focus is demonstrated by its ‘Smart for you…Smart for the planet’ ethos.

The company has received the London Stock Exchange's Green Economy Mark. This recognises companies that derive 50% or more of their total annual revenue from products and services that contribute to the global 'Green Economy'.

Over 9 million customers have used its award-winning service. The company has paid out over £400 million for consumers’ unwanted technology and resells over 400,000 tech items a year. During 2022 musicMagpie’s UK consumer tech and disc media customers, along with its trade partners, helped to save over 43,000 tonnes of CO2. This amount is equivalent to providing heating for over 16,000 homes, or powering more than 50,000 flights from London to New York.

Luckily the commercial property infrastructure of Stockport is strong enough to support success stories like musicMagpie. The infrastructure has allowed musicMagpie to:

• grow and maintain its position in the market
• employ the best skill set from the local area
• benefit from collaboration with local businesses and bodies, especially as the company embarks on its goal to reach net zero

“The business has come a long way since its humble beginnings and I couldn’t be prouder of where it is today, whilst looking forward to the future. Being situated in Stockport Exchange has allowed us to benefit from the excellent transport network and local business network. We have been able to employ the best skill set from Greater Manchester and beyond, collaborate with local businesses and groups, particularly on the sustainability agenda, and our colleagues are able to enjoy the growing amount of hospitality, shopping and leisure Stockport has to offer.”