Hundreds of WA schools will lose more than $1 million from the collapse of education supplier Wooldridges.
Administrators will today tell creditors, including about 500 schools and 90 former staff, that they will not receive any money from the sale of assets.
The former family-owned WA business, which had supplied majority of schools for decades, collapsed on July 27 owing more than $50 million to 700 creditors, mostly from WA.
Administrator Matthew Donnelly, from Grant Thornton, said he expected to finalise the sale of Wooldridges today but did not expect the new owners to reopen the stores or continue to use the brand.
The company's related business FotoWorks, which has for years taken the majority of WA school photos, also has been sold, with little impact on bookings.
However, the proceeds of both sales were too minimal to cover any of the debts owed to non-secure creditors.
Mr Donnelly said any legal action based on claims the company operated while insolvent would be unlikely.
"Those claims are very difficult and by no means certain at this stage," he said.
"Even if it's successful, because there's such a large pool of creditors it's unlikely to make material difference.
"It's a comprehensive financial collapse; we're going to be leaving behind over $50 million in creditors - that's quite a significant loss."
Mr Donnelly said former Wooldridges staff would be forced to apply to the federal government's General Employee Entitlements and Redundancy Scheme to recoup their lost wages and entitlements.
They were owed about $1.6 million in total.
Schools have accepted that they will have to write off the debt.
Hundreds are owed several thousand dollars each, while John XXIII College Secondary in Mount Claremont is believed to be the worst off, owed nearly $47,000.
Principal Anne Fry said it was disappointing.
"We'd had a long-term relationship with Wooldridges so there was a real element of disappointment and shock that the relationship had broken down to that extent," she said.
"It's our assumption that that's now lost revenue.
"We've had to readjust accordingly. Luckily for us the annual budget for a college this big is significant and we've just had to absorb [the owed money] into our recurrent budget for this year.
"It hasn't meant the loss of something critical to teaching and learning ... [but] $46,000 may well have been used on additional reading books or library resources."
Greg Thorne, principal of Ocean Reef Senior High School, which is owed the most among public schools, said the lost money would have bought classroom sets of text books and computers, and subsidised school bus fees for excursions.
The loss would likely reduce the school's operating surplus rather than impacting on core teaching materials.
"Every dollar we can use," Mr Thorne said. "Our finance committee literally discusses down to $50."
The company's collapse also has left schools in limbo as they prepare for next year's stationary and book supplies.
West Australian Primary Principals' Association president Steve Breen said some schools were finding it difficult to secure a new supplier in time.
Wooldridges' hold on the market had been so great he was unsure other smaller companies would be able to fill the gap.
"Some [schools] will probably say to parents 'this is the list' and then it's up to the parents to go and get the list," he said. "Previously, the school was the intermediary [between parents and Wooldridges]."
"[Other school suppliers] will have to expand or another group will have to come in, there's no two ways about it."
Wooldridges and its parent company Education Works Australia are in a court battle with delivery company Corporate Express, which initiated court proceedings claiming it was owed $3.6 million in unpaid invoices.
The suppliers are countersuing, claiming Corporate Express breached its contract by not meeting its supply obligations.
Mr Donnelly said if the case was success any recouped money would only be sufficent to pay secure creditors including a bank and private financer.