British Bookshops' creditors to receive less than 10% of money owed

Written By: Lisa Campbell Publication Date: Mon, 09/05/2011 - 15:41 The administrators of British Bookshops and Stationers has said it can only pay back eight-10p in every pound owed and expects the level of claims to increase. A recent document published on Companies House said the former 51-branch bookshop chain owes more than £8.6m to unsecured creditors, which could rise further because it “understates the likely level of claims". read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-05-09 00:00:00 UTC ]
News tagged with: #unsecured creditors #british bookshops #money owed #companies house

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