Ex-Tiny directors face boardroom ban
Pair disqualified for four and five years...
Two ex-directors of Tiny Computers have been banned from holding directorships for four and five years.
Jonathan Harris, of Ashtead, Surrey and Garo Molozian of Lower Sunbury, Middlesex were found guilty of taking "unwarranted risks" with creditors' money. An Insolvency Service report revealed that the two were using payments for warranties to prop up the business and made no attempt to protect the future of those warranties if the company did fail. They are disqualified from being directors for five and four years respectively.
The charges date back to before the Tiny brand was taken over by Time Computers in January 2002. Tiny collapsed with debts of £35m in 2002. Tiny Computers, as it now exists, has no connection with Harris and Molozian.
Tiny was relaunched by Time in February this year as Tiny.com with the goal of grabbing ten per cent of the home PC market within a year. ®