Firms in liquidation over TV sales

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p><a href&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2010&sol;11&sol;firms-in-liquidation-over-tv-sales&period;jpg"><img class&equals;"alignnone size-full" title&equals;"Three firms have gone into provisional liquidation over the sale of satellite TV warranties" src&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2010&sol;11&sol;min-firms-in-liquidation-over-tv-sales&period;jpg" alt&equals;"Three firms have gone into provisional liquidation over the sale of satellite TV warranties"&sol;><&sol;a><&sol;p>&NewLine;<p>Three firms have been put into provisional liquidation for illegally selling satellite television warranties to consumers&period;<&sol;p>&NewLine;<p>Digital Satellite Warranty Cover &lpar;DSWC&rpar;&comma; Satellite Services&comma; and Nationwide Digital Satellite Warranty Services offered Sky customers a form of extended warranty&period;<&sol;p>&NewLine;<p>The groups&comma; which were all based in Kirkby&comma; Liverpool&comma; charged between £6&period;49 and £11&period;49 a month in exchange for unlimited call-outs covering all parts and labour costs&period;<&sol;p>&NewLine;<p>But the warranties were a type of insurance&comma; and none of the firms had ever been authorised by City watchdog the Financial Services Authority to sell insurance to consumers&period;<&sol;p>&NewLine;<p>As a result&comma; the regulator applied to the High Court to have the firms&comma; which were run by Bernard Freeman and Michael Sullivan&comma; put into provisional liquidation to prevent more of the warranties being sold&period;<&sol;p>&NewLine;<p>The move has led to the warranties bought by consumers becoming invalid&comma; however&comma; Sky has written to all customers of the firms&comma; offering them free support if they need a repair or service visit&period;<&sol;p>&NewLine;<p>Although the unauthorised firms were entirely separate from Sky&comma; the group said it did not want affected customers to be inconvenienced or left out of pocket as a result of their activities&period;<&sol;p>&NewLine;<p>Sky will provide free service visits for the rest of their contract for people who paid for the service in advance&comma; while it will provide free support until the end of December for customers who paid for the warranty on a monthly basis&period;<&sol;p>&NewLine;<p>The FSA found that DSWC had made profits of around £10 million in the past 12 months and had nearly 200&comma;000 customers&comma; while Satellite had a turnover of £2&period;1 million this year&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ee2e73bc16c">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ee2e73bc16c'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


Discover more from London Glossy Post

Subscribe to get the latest posts sent to your email.

- Advertisement -
Exit mobile version