Watford Electronics’s stock remains in the hands of administrators, giving unsecured creditors hope of seeing some of the £3.5m they were owed when the firm collapsed earlier last week.
No wonder they went pair shaped with numbers like this:
Though it had grown turnover 30 per cent to almost £50m and as still one of the best known names in the indigenous PC industry it made pre-tax profits of £122,675 After tax and amortization it made £51,800 - a 1 per cent profit margin.
I'm guessing there will be quite a few job losses, but thankfully no customers should be too badly burnt:
The statement also says: "Globally Ltd will endeavour to fulfil all unshipped Savastore.com orders. In line with Watford Electronics' existing policy, Globally Ltd will not charge Savastore.com customers until orders have been despatched."
will the phoenix rise from the ashes under a different name i wonder
Ask a Question
Want to reply to this thread or ask your own question?
You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.
