Plymbridge hit by bank charges

<p>Nearly &#163;74,000 has been taken out of pre-administration funds owed to client publishers of Plymbridge by the Co-operative Bank.</p><p>Publishers have yet to receive cash amounting to nearly &#163;800,000 as ordered by the High Court. The order enabled the bank to retain &#163;73,500 "pending resolution of their entitlement to those funds". It is believed that Plymbridge had a loan guarantee with the bank to ease credit constraints. </p><p>New owner Rowman&amp;Littlefield is currently collecting money owed to Plymbridge by booksellers. Debts are said to total millions of pounds. A li...

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