Creditors to be paid, and staff and authors to be retained
Digital and backlist specialist Endeavour Press has gone into voluntary liquidation, with co-founder Matthew Lynn forming a new company called Endeavour Media. Endeavour Press was solvent at the time of liquidation, carried out in order to restructure the company. All its creditors will be paid; meanwhile, the eight staff and almost all of the books are transferring to Endeavour Media, which will adhere to previously arranged publication schedules, sales deals, and publicity and marketing plans.
Lynn said: "I am fantastically honoured that the entire staff of Endeavour Press have decided to join me in this new company, and so have most of the authors. The new business has a robust business model, a great team, is well capitalised, and is perfectly placed to create a vibrant new company, with fresh ideas and fresh energy."