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Profit in final year for Dundee University Press

Editors Professor Jim Tomlinson, left, and Professor Chris Whatley with copies of the Dundee University Press book Jute No More.
Editors Professor Jim Tomlinson, left, and Professor Chris Whatley with copies of the Dundee University Press book Jute No More.

Dundee University Press made a profit of £200,000 in the year it was bought by its bigger capital rival for £100,000.

Edinburgh University Press bought the previously loss-making Dundee law and history publishing arm in November 2013.

DUP director Professor Chris Whatley said at the time he regretted the disappearance of the company, which had made great strides in a short time.

Areas in which DUP had a presence could grow much faster as EUP was a much larger company, he added.

The two parties would not disclose how much Edinburgh paid for Dundee at the time of the sale.

The final accounts for DUP for the year to July 2014 detail extraordinary income of £100,000. The notes explain that the figure represents the amounts paid by Edinburgh University Press Ltd for the assets of Dundee University Press Ltd valued at October 31 2013.

In its final year DUP had a turnover of £28,621, a quarter of the figure for the previous year. After the Edinburgh purchase payment, the pre-tax and final profit was £200,041. The previous year DUP made a loss of £119,196.

The directors’ report confirms that DUP ceased trading on October 31, 2013. The company had operated as a specialist publishing company, producing academic and specialist titles for student, library, research and other professional markets.

A Dundee University spokesman said the publishing operation had been transferred to Edinburgh with no staff at Dundee any longer involved in its activities.

EUP chief executive Timothy Wright said at the time of the purchase that DUP’s acquisition was an exciting development. DUP’s list complemented Edinburgh’s and would underpin its commissioning in law and Scottish history. He said there were numerous opportunities for Edinburgh to grow the list, particularly in text books and digital areas.