As this morning's Guardian reports, Granville Technology - the firm behind top UK computer brands Tiny and Time - has closed its shops and started laying off staff:
There is uncertainty over the future of Britain's largest computer manufacturer, the firm behind the Tiny and Time computer brands, after it abruptly closed all 78 of its retail stores yesterday and began laying off staff at its Burnley factory, the Guardian has learned.
Granville Technology Group, which makes 500,000 computers a year, is understood to be close to collapse. All directors except its part-time chairman have resigned.
Asked last night if the business had solvency concerns, a spokesman said: "Granville Technology's first responsibility is to its staff and customers and we are not making any further comment at this time."
We'll be trying to find out more on what this means for consumers, and what the future is for the retailer.
