Posted by Harry Mottram on 9th Mar 2018

Questions over demise of publishing company

Trade magazine says firm left huge debts

The trade publication Print Monthly magazine said there are questions to be answered over the London based book publisher Black Dog Publishing’s demise following the firm’s demise in January.

The magazine said: “The publisher of fine art books has been liquidated leaving a string of printers, graphic designers and paper suppliers out of pocket to the tune of many thousands. Staff were also left high and dry when wages were not paid. In the past ICSM recovered outstanding invoices for its members from Black Dog Publishing including costs and interests and that some members had warned against dealing with the firm due to late payment.”

They quoted a credit agency as saying: “As far back as 2009 we have been working on our members’ behalf recovering cash they are owed by the publisher. One member was owed just shy of £40,000 which we were able to recover for them which with costs and interests ended up as £43K. Other amounts are for hundreds and others for thousands which for some printers can mean a profit wipe out or even worse.

“The problem is some printers are desperate for work so they will do business with a firm they know are trouble. It is understandable but highly risky as one day their client may go under leaving them without any money. Times are tough for some and they won’t turn away work even when they know the risks.”

Black Dog Publishing left a big chunk of a million pounds of unpaid invoices, tax and wages to staff.