Pearson plc
British multinational publishing and education company / From Wikipedia, the free encyclopedia
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Pearson plc is a multinational corporation, headquartered in the UK, focused on educational publishing and services.
Formerly | S. Pearson & Son |
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Company type | Public |
ISIN | GB0006776081 |
Industry |
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Founded | 1844; 180 years ago (1844) |
Founder | Samuel Pearson |
Headquarters | Shell Mex House, London, England |
Key people |
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Products | Educational materials (books, tests), Television distribution |
Services |
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Revenue | £3,674 million (2023)[1] |
£498 million (2023)[1] | |
£380 million (2023)[1] | |
Total assets | £6,727 million (2023)[1] |
Total equity | £3,988 million (2023)[1] |
Number of employees | 17,612 (2023)[1] |
Subsidiaries |
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Website | plc |
Originating in 1844 and named S Pearson and Son by Samuel Pearson in 1856, what began as a small local civil engineering business in Yorkshire grew between 1880 to 1927 into a massive diversified international conglomerate under the subsequent leadership of Samuel's grandson Weetman Pearson.[2] By the time of World War II, the company had major national and international subsidiaries in manufacturing, electricity, oil, coal, banking and financial services, publishing (periodicals and books), and aviation.
After the second world war and the British government's nationalisation of many industries, Pearson refocused on publishing and media. In 1984 the company changed its name from S. Pearson & Son plc to Pearson plc.[3][4] Under the leadership of CEO Marjorie Scardino, in 1998 the company formed Pearson Education, and by 2016 education was Pearson plc's exclusive focus. As of 2023 Pearson Education, known since 2011 as simply Pearson, is Pearson plc's main subsidiary.[5] Pearson owns one of the GCSE examining boards for the UK, Edexcel.[6]
Pearson plc has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has a secondary listing on the New York Stock Exchange in the form of American depositary receipts.