Technical Bookshop owed over $1 million

Tuesday, 12 September 2006 Books+Publishing

Melbourne’s Technical Bookshop owed unsecured creditors an estimated $1.2 million when it went into voluntary administration in late August, according to an interim creditors’ report by administrators Peter Vince & Associates. The report states that the business began experiencing financial difficulties in 2005 for reasons including a 50% drop in...