Today's Read Team Unbound Crowdfunding Publisher Enters Administration and Resurrects as Boundless IP Ltd
The independent crowdfunding publisher, Unbound, has entered administration as of March 10, 2025, with Allister Manson and Charles Turner of Opus Restructuring appointed as administrators.
New Ownership: Boundless IP Ltd
Following the administration, key assets of Unbound were acquired in a “pre-packaged sale” by Boundless IP Ltd. This new venture has been established by John Mitchinson, a co-founder of Unbound, along with Archna Sharma, who will serve as CEO.
Acquisition Details
Boundless IP Ltd has secured critical components from Unbound’s operations. The acquisition includes:
- Intellectual property
- Customer and supplier relationships
- Existing publishing contracts
- Digital assets
- Goodwill associated with brands such as Neem Tree Press and Boundless Magazine
Commitment to Authors and Ongoing Projects
In an official statement, Boundless IP Ltd assured that all outstanding payments owed to authors by Unbound will be honored. The company is also committed to progressing with many of the existing projects. Authors whose initiatives will not continue will be notified by the administrators.
A New Era for Publishing
CEO Sharma expressed enthusiasm for the future, stating, “This is the beginning of a bold new era. Boundless looks forward to forging exciting new connections between authors and readers.”
Background: Unbound’s Financial Challenges
This development comes in the wake of financial difficulties previously reported by The Bookseller. Last year, Unbound struggled to secure adequate funding, leading to late payments for authors and service partners. Despite these challenges, the company recently launched a new magazine titled Boundless, raising over £100,000 through crowdfunding efforts.
Conclusion
The transition from Unbound to Boundless IP Ltd marks a significant shift in the landscape of independent publishing, giving rise to new opportunities for authors and readers alike.
