Time crisis: Administrators called in
Published: 27 Jul 2005 12:25 BST
The crisis at Granville Technology Group, the UK's largest computer retailer, deepened on Wednesday after the administrators were called in.
According to concerned employees, police have been sent to the Burnley headquarters of Time Computers, which is owned by Granville. It is understood that some employees have been locked into the building.
Staff had been told to expect an announcement at 1100 on Wednesday, but this was cancelled. A further announcement was due at midday.
The company has been besieged by rumours all week after the staff were paid late on two occasions. The company eventually said that its bankers, HSBC, had suspended its credit facilities, but this has been disputed by company insiders.
It was also rumoured that major creditors, including HP and AMD, had suspended deliveries. Earlier this week, the company halted most of its production forcing some staff to take holidays.
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18 comments
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Its nice to see that all employees have been told... A VERY P****D OFF EX EMPLOYEE -
I know . I just turned on the radio & found o... lost!!!!! -
Haha... long term in the shops? For our... I had a job the day before yesterday... -
yeah NOTICE thats funny !!!!
what... lost -
DON'T EXPECT TO GET PAID THIS MONTH. JUST BE... Anonymous
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Just in case anyone doubted it for a second w... Matt (ex-tiny.com)
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Saw it coming in the end. Hope head office will be... The Computer Shop Voice
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and what about the not so long term employees... Anonymous
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Although I am sorry for Time's employees who seem... Simon Callow
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I echo Simons thoughts - I am truly sorry for... Matt DeMeeco
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Unfortunately - the 'guys in charge' (wh... Kris Stevens
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I worked for them years ago. When t... ME
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YOU WILL SEE THE SAME AGAIN. PROBABLY THE ONE... PETER LLOYD
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It couldn't have happened to a nicer bunch. Well k... Anonymous
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I'm not surprised that Time has gone to the dogs,... Ken Davies
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I have a Time Computer and if February this year... Anonymous
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I bought a "Tiny" computer some years ago and... brian
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I think it is absolutely disgusting that... Anonymous
