Bertrams has just £600k to pay £25m debts, statement shows

Bertrams has just £600k to pay £25m debts, statement shows

The collapsed wholesaler Bertrams has just £600,000 to pay debts to publishers, a “statement of affairs” published on Companies House this week shows. The statement reveals 2,500 trade creditors are owed a total of £25m.

HarperCollins Distribution is listed as being owed £2m and MDL, Pan Macmillan’s distribution company, is owed £1.7m. Penguin Random House’s distribution company Grantham Book Services is owed over £2m. The publishers have yet to confirm whether their insurance will cover the payout discrepancy.

Among other creditors, Oxford University Press and Pearson Education are owed ...

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