Savastore owner Watford Electronics hits the financial skids?

[Bob Crabtree]

It looks like the Watford Electronics group has hit the financial skids.

According to contacts at various suppliers, the company - the driving force behind the Redten internet service provider and owner of the savastore web site and various well-known PC brands (Aries, Carrera, Time, Tiny) - is undergoing a financial crisis.

We've been unable to get Watford to confirm or deny these rumours - but have been told that the Financial Director Ricki Raqeeb will call us back.

Know anything we should know? Then do spill the beans!

[nichomach]

...owner of the savastore web site, various well-known PC brands (Aries, Tiny, Time)...

It's déja vu all over again...

[Tobeman]

/me is happy

Only ever ordered one product from these guys, a Creative MUVO TX Flash MP3 Player. Took almost 2 months to be delivered (ordered 2 weeks before Christmas when told was instock). Unit developed a fault, raised an RMA, never heard back - after the experience of chasing them prior to that I gave up and tried to sort it myself. Did a firmware update, worked for another 6 months, same issue again, flagged the old RMA up and heard nothing.

It makes sitting in this office at 80 degrees so much more bareable

[Oobie-]

I've disliked them since I ordered some stuff off them and they delayed it by over 2weeks.

[this_is_gav]

Only used the place a couple of times, as they had the MS Ergonomic 4000s at prices much cheaper than anywhere else at the time. No complaints from me.

I think it's the death (again) of Time and Tiny I'll be more chuffed at. The less of these God-awful companies, the better.

[Clunk]

I wont miss them when they are gone.

I do think its a real shame that its not the most hated retailer in the uk thats gone bump though. We can only hope.

[JPreston]

I used to live across the road from them so used them quite a bit, to save having to be in for a parcel etc.

They somehow manage to be rubbish at fulfilling orders even when the customer comes to them

[eul0gy]

the curse of time and tiny strikes again !

[Dorza]

Like clunk said, I won't miss them if they do go. The customer service is awful. Took a month for them to replace a product i purchased. And I was cut off the phone que when the office closed after waiting for half an hour and paying for it. NOT good first impressions.

[Bob Crabtree]

I've written a little news piece that gives a bit more background - but no real new info.

That's because no one associated with Watford Electronics or Redten Internet has yet got back to me.

Rightly or wrongly, I think that can only be tacit confirmation that we were right to break this story.

Check it out here.

[JPreston]

Well, having just spoken to an employee (ex- as of yesterday) it appears they have indeed gone to the wall.

[merdat]

Yes, It is better for people to know as early as possible about these things especially as they are still taking orders, to many folks get 'burned' that way.

[PeterHills]

I work for Watford Electronics (savastore.com) and we are still here. We are still trading to our customers as normal and there is no sign of receivers knocking at the door.

[Tobeman]

I work for Watford Electronics (savastore.com) and we are still here. We are still trading to our customers as normal and there is no sign of receivers knocking at the door.

I don't know you, therefore I don't want you to lose your job, but I hate the company you work for

[steven mctowlie]

wonder why they ve been laying people off then ? and not delivering such a bunch of chancers !

[Tom Scott]

Removed to keep Mr Crabtree happy, you're happy right?