Crime does not pay for book store

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The bookshop folded after being unable to repay a loan demanded from a principal shareholder, following a decision to move premises to escape a two-fold increase in rent at its original Covent Garden location.

As a result, the business is being voluntary woundup and Jason Godefroy and Paul Clark, partners from Menzies Corporate Recovery, have been appointed joint liquidators.

‘I’m hopeful that the business and assets will be sold as a going concern,’ said Godefroy.

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