Time returns to the UK marketplace
The Time logo has returned to PCs in the UK only months after previous owners Granville Technology Group collapsed. Time UK Factory Limited, which manufactures PCs and plasma TVs, is starting a direct sales operation via Timeuk.com.
An official statement states that the facilities were “acquired from the administrators of VMT Ltd. VMT produced PC and plasma TV products for Granville Technology Group Ltd, which went into administration in July 2005. Granville was a reseller of TIME branded products.” Granville Technology went into administration last July with debts of up to £70 million and the loss of more than 500 jobs. The new company currently employs around 30 people.
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