Page 1 of 10 1234 ... LastLast
Results 1 to 16 of 149

Thread: Savastore owner Watford Electronics hits the financial skids?

  1. #1
    Senior Member
    Join Date
    Apr 2005
    Posts
    2,536
    Thanks
    15
    Thanked
    4 times in 3 posts

    Savastore owner Watford Electronics hits the financial skids?

    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!
    Last edited by Bob Crabtree; 01-02-2007 at 05:37 PM.

  2. #2
    Will work for beer... nichomach's Avatar
    Join Date
    Jul 2003
    Location
    Preston, Lancs
    Posts
    6,136
    Thanks
    547
    Thanked
    138 times in 99 posts
    • nichomach's system
      • Motherboard:
      • Gigabyte GA-870A-UD3
      • CPU:
      • AMD Phenom II X6 1055T 95W
      • Memory:
      • 16GB DR3
      • Storage:
      • 1x250GB Maxtor SATAII, 1x 400GB Hitachi SATAII
      • Graphics card(s):
      • Zotac GTX 1060 3GB
      • PSU:
      • Coolermaster 500W
      • Case:
      • Coolermaster Elite 430
      • Operating System:
      • Windows 10
      • Monitor(s):
      • Dell 20" TFT
      • Internet:
      • Virgin Media Cable
    Quote Originally Posted by Bob
    ...owner of the savastore web site, various well-known PC brands (Aries, Tiny, Time)...
    It's déja vu all over again...

  3. #3
    Senior Member Tobeman's Avatar
    Join Date
    Apr 2005
    Location
    IN YOUR FRIDGE, AWPIN' YOUR NOOBS
    Posts
    1,823
    Thanks
    34
    Thanked
    11 times in 11 posts
    /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

  4. #4
    Who the $%£# told you you could eat my cookies?! Oobie-'s Avatar
    Join Date
    Aug 2005
    Posts
    1,292
    Thanks
    96
    Thanked
    17 times in 16 posts
    I've disliked them since I ordered some stuff off them and they delayed it by over 2weeks.
    ¯\_(ツ)_/¯

  5. #5
    Senior Member this_is_gav's Avatar
    Join Date
    Dec 2005
    Posts
    4,842
    Thanks
    175
    Thanked
    247 times in 214 posts
    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.

  6. #6
    Flat cap, Whippets, Cave. Clunk's Avatar
    Join Date
    Jan 2006
    Posts
    11,056
    Thanks
    360
    Thanked
    725 times in 459 posts
    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.
    Quote Originally Posted by Blitzen View Post
    stupid betond belief.
    You owe it to yourself to click here really.

  7. #7
    Senior Member JPreston's Avatar
    Join Date
    Nov 2005
    Posts
    1,667
    Thanks
    5
    Thanked
    124 times in 74 posts
    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

  8. #8
    Registered User
    Join Date
    Apr 2006
    Posts
    12
    Thanks
    0
    Thanked
    0 times in 0 posts
    the curse of time and tiny strikes again !

  9. #9
    Flak Monkey! Dorza's Avatar
    Join Date
    Jul 2003
    Location
    UK - South Wales
    Posts
    1,762
    Thanks
    34
    Thanked
    17 times in 15 posts
    • Dorza's system
      • Motherboard:
      • Asus P5B Deluxe - WiFi
      • CPU:
      • Q6600 @ 3.06Ghz
      • Memory:
      • 2GB Crucial
      • Storage:
      • 500GB Samsung SpinPoint
      • Graphics card(s):
      • Geforce 9600GT
      • PSU:
      • Cosair HX520W
      • Case:
      • LianLi something something or other
      • Monitor(s):
      • Eizo FlexScan S1910 (1280*1024)
      • Internet:
      • 2mb Virgin (when they want to give me that: else 1mb)
    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.

  10. #10
    Senior Member
    Join Date
    Apr 2005
    Posts
    2,536
    Thanks
    15
    Thanked
    4 times in 3 posts

    News background now written

    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.

  11. #11
    Senior Member JPreston's Avatar
    Join Date
    Nov 2005
    Posts
    1,667
    Thanks
    5
    Thanked
    124 times in 74 posts
    Well, having just spoken to an employee (ex- as of yesterday) it appears they have indeed gone to the wall.

  12. #12
    Senior Member
    Join Date
    Aug 2006
    Posts
    1,182
    Thanks
    133
    Thanked
    46 times in 45 posts
    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.

  13. #13
    Registered User
    Join Date
    Feb 2007
    Posts
    1
    Thanks
    0
    Thanked
    0 times in 0 posts

    Watford Electronics

    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.

  14. #14
    Senior Member Tobeman's Avatar
    Join Date
    Apr 2005
    Location
    IN YOUR FRIDGE, AWPIN' YOUR NOOBS
    Posts
    1,823
    Thanks
    34
    Thanked
    11 times in 11 posts
    Quote Originally Posted by PeterHills View Post
    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

  15. #15
    Registered User
    Join Date
    Feb 2007
    Posts
    2
    Thanks
    0
    Thanked
    0 times in 0 posts
    wonder why they ve been laying people off then ? and not delivering such a bunch of chancers !

  16. #16
    trust.HEXUS.net Tom Scott's Avatar
    Join Date
    Jun 2005
    Location
    A desk, Leicester, UK
    Posts
    1,109
    Thanks
    1
    Thanked
    1 time in 1 post
    Removed to keep Mr Crabtree happy, you're happy right?
    Last edited by Tom Scott; 02-02-2007 at 05:21 PM.
    Tom Scott,
    Scancom.co.uk/HEXUS Liason


Page 1 of 10 1234 ... LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •