The Book People collapsed owing £21.1m to creditors

The Book People collapsed owing £21.1m to creditors

The Book People went into administration with an estimated total shortfall in assets of £30m, and owing £21.1m to companies including HarperCollins, Macmillan Distribution and Penguin Random House, a Companies House report shows.

The company, which employed 393 people and was owned by private equity firm Endless, went into administration in December, partly blaming a “difficult trading environment”. No buyer was found, and 155 staff members were made redundant last month.

A statement of affairs by the administrator, dated 16th December but posted on Companies House this month, shows the f...

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