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Watfraud, aka Savastore, have gone bust - Some good news atlast !

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Old June 21st 07, 01:23 PM posted to uk.comp.vendors
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Posts: 5
Default Watfraud, aka Savastore, have gone bust - Some good news atlast !

Bill Payer wrote:

I'm sure many of you will be glad to hear that Watfraud have finally
gone tits-up - Whooopeeee !

"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 this week."

Read about it here...



Latest nugget from Computer Shopper:
"Savastore ceased trading in February after its parent company Watford
Electronics was bought out by Globally Ltd, a company that trades from
the same address as Watford and is run by Mahmood Jessa, a former
logistics manager at Watford.

Now the Savastore.com domain is redirecting visitors to Saverstore.com.
The new site's Company Information section states:

"After a full review of business and technical processes, the site
has been reopened under the new name, Saverstore.com. Customers can
still use their logins from the former site".

It is still unclear what will happen to customers with outstanding
orders from the former site"

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