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Thread: Savastore owner Watford Electronics hits the financial skids?

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    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.

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    Will work for beer... nichomach's Avatar
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    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...

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    Senior Member Tobeman's Avatar
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    /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

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    Who the $%£# told you you could eat my cookies?! Oobie-'s Avatar
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    I've disliked them since I ordered some stuff off them and they delayed it by over 2weeks.
    ¯\_(ツ)_/¯

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    Senior Member this_is_gav's Avatar
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    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.

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    Flat cap, Whippets, Cave. Clunk's Avatar
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    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.

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    Senior Member JPreston's Avatar
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    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

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    the curse of time and tiny strikes again !

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    Flak Monkey! Dorza's Avatar
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    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.

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    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.

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

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    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.

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    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.

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    Senior Member Tobeman's Avatar
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    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

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

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    trust.HEXUS.net Tom Scott's Avatar
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    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


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