Media Relations: What The Papers Say - Tiny failure hints at bigger malaise

There was little positive in the news that Granville Technology Group, parent company of the Time, Tiny and Computer Shop businesses, called in the administrators last week. 'Time runs out for Tiny: a British system failure' (The Independent, 31 July).

The group's demise highlighted two issues. Firstly, it represented another step in the trend of high-profile business failures under pressure from rising interest rates, falling consumer confidence and slow economic growth.

'Surge in companies ready to go bust,' noted the Evening Standard (29 July), a cry echoed by The Scotsman. 'Alarming rise in company insolvencies' (30 July).

Secondly, and perhaps worse given the group's recent status as the UK's largest computer manufacturer, was the exposure of such poor business practice, with little concern shown for its employees, customers or, indeed, its own reputation. 'Sad news for the employees, but will anyone shed a tear over the demise of two such companies?' (bit-tech.net, 27 July).

Similar views were forwarded by computer consultant Adrian Mars: 'Although this is bad news for all those directly affected it is good news for the UK consumer,' (vnunet.com, 27 July).

Analysis conducted by Echo Research from data supplied to PRWeek from NewsNow. www.echoresearch.com www.newsnow.co.uk.

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