Independent web-to-print publisher The Friday Project Ltd (TFP) formally went into liquidation this week, leaving scores of creditors out of pocket.
Stephen Franklin of liquidators Panos Eliades Franklin & Co told PN: "There is approximately £360,000 owed to trade and expense creditors alone". He said that TFP's assets are valued at £50,000, but that beyond this amount, there is no funding to pay creditors. "If any payment reaches the creditors, it will be a minimal sum."

Interestingly PN reports that "TFP's employees, consisting of five editorial staff, including directors Clare Christian and Scott Pack, would be joining HarperCollins"



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