Staff at Granville Technology Group are preparing for unemployment, after the UK’s largest computer manufacturer confirmed it is to close all of its 78 retail stores.
The company, most famous for its Tiny and Time brands, employs 1,500 people. It told the BBC “it could well be the case” that the company is close to collapse.
All directors except the non-executive chairman have resigned and the firm has begun laying off staff, Granville chairman Bill Davies said.
There are more than two million Tiny and Time computers in schools and homes around the UK, and the PCs are widely available for sale in stores such as Tesco, Asda and Woolworths.