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An administrator for Beautiful Books is expected to be appointed by close of business on Monday (10th October).
In a letter to authors, David Lewis, director of The Beautiful Group PLC, said the company has had cash flow difficulties, and 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, have not borne fruit.
Lewis told authors that notice of intent to appoint an administrator has been given and it was likely that that would take place on Monday.
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