Independent publisher Beautiful Books entered administration earlier today (11th October). The company has ceased to trade and four members of staff have been made redundant.
A spokesperson for London firm Leonard Curtis, the administrating company, said those handling the case would now evaluate Beautiful Books and creditors would receive a report. In a statement, the publisher said: "All the employees at Beautiful Books would like to thank everyone with whom we have worked over the past six years."
Last week David Lewis, director of The Beautiful Group PLC, warned authors that the administration was likely, saying that the company had experienced cash flow difficulties, and that discussions to find a buyer, or another publisher prepared to keep some or all of its titles in print and pay royalties under current contracts, had not borne fruit.