Originally Posted by cooljhill
I work at another computer shop and we have the same suppliers as watford electronics we where told yesturday by two of our suppliers that the administrators had gone in and they where in 11 million of debt. and some of our supliers had pulled there credit and stopped shipping as they had no money to pay with. however i dont work at watford electronics so i dont no. im just telling you what i was told by watford electronics suppliers
Bit off Topic but...
Having been forced (under protest) to show my understanding of the data protection act, the company I work for did a few random tests to check the beans were not been spilt, I raise an eyebrow with that post. Not sure the suppliers should be discussing Watford Electronics with your company. NDA issues for starters and possibly a bit commercially naive as you could conclude you are dealing with suppliers with a surplus of stock that information could put you at an advantage.
Originally Posted by cooljhill
and the only reason ebuyer are still around is because the owner is a multi millionere and he keeps putting more money into the bussiness because it has high market share they are lossing on average 7 - 8 million a year due to trading under 10%
Are their accounts published? I don't know whether your statement is true but assuming they are working to a business plan it is not usual for a business to trade at a loss for a period of time. Only panic if the losses continue after the planned period of time
