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Royalty-free poetry publisher Forward Press has ceased trading. The Cambridgeshire-based company is expected to be put into liquidation on 29th November 2010.
Ian Walton, managing director, founded Forward Press in 1989. No one from Forward Press was available to comment.
Insolvency practitioner Ian Yerrill of Gerald Edelman Business Recovery Professionals has been appointed to assist meetings of creditors for the purposes of the winding-up.
He told The Bookseller: "I am under instruction to convene meetings of members and creditors for the specific purpose of winding-up the company's affairs under a creditors' voluntary liquidation. The meetings are scheduled to be held on Monday 29th November 2010 and it is anticipated that the company will go into liquidation on that day."
Forward Press described itself as a "bridge to publication", and had a turnover of about £5m. It did not charge authors' for publication, but also did not pay royalties. It once claimed to be the world’s largest publisher of new poetry, employing 100 people, across eight imprints. It also operated printing presses.