Tiny customers won't get money back

Written by Jason Cundall

July 29, 2005 | 11:53

Tags: #administration #time #tiny

After the closure of all Tiny outlets and parent company Granville Technology going into administration earlier this week, customers who have unfulfilled orders are faced with the prospect of getting none of their money back:

Customers with outstanding orders from Time and Tiny PCs are unlikely to get their computers or their money back.

A source close to administrators Grant Thornton told the BBC such people would become "unsecured creditors" and drop to the bottom of the list for payments.

But administrators have put together a "limited" support package for customers offering warranty cover and repairs.

Tiny owner Granville Technology went into administration on Wednesday with the loss of 1,500 jobs.

The Lancashire-based firm collapsed after it ran out of cash in the face of losses of £2m a month.

It was the UK's largest PC maker.

More from the BBC here.

It sounds unfair, but it's standard practise in these situations, I'm afraid - the Banks and bigger creditors will get their pound of flesh first, and after that feeding frenzy there will be little left on the plate for ex-customers.

Have you (heaven forbid - and if you are, what where you thinking of!) or someone you know been caught up in this? Let us know your side of the story in the news discussion forum here.
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