Feeds

Time drags on for Granville administrators

But local politicians make a good sideshow

SANS - Survey on application security programs

There is still no end in sight to the administration of Granville Technology, six weeks after the company behind the Time and Tiny computer brands collapsed.

A spokesman for the administrators, Grant Thornton, told us: "It is a very complicated administration."

He explained that when it went into administration, Burnley-based Granville Technology had around two-million customers, and that it was "taking a long time" to sort through all the paperwork.

"We have no idea when an announcement is likely to be made," he concluded.

Granville collapsed at the end of July with debts of around £50m.

Early in August it emerged that HSBC, the company's main secured creditor, is unlikely to see much of the £19m it is owed, suggesting that prospects for unsecured creditors are very bleak indeed.

MPs of all stripes have called for an inquiry into the collapse of the company and a slanging match has broken out between Burnley's MP Kitty Ussher and Lib Dem councillor Gordon Birtwistle over the loss of jobs in the local area.

Birtwistle called on Ussher to involve Government leaders to help stem the flow of jobs from the area, calling her a lame duck MP and warning that the UK is at risk of becoming a purely service-based economy, the Burnley Express reports.

Ussher, meanwhile, has obliquely accused him of sour grapes: "It must be frustrating for Gordon to have been rejected as the town's MP at three separate general elections but I can assure him things are in safe hands," she told reporters. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.