14/02/2020

Small Businesses Unite Against TV 'Scam'

Some 200 small local businesses have alleged they were mis-sold plasma TV screens in an advertising "scam".

The aggrieved companies are searching for answers after signing up to a finance scheme to buy screens for their premises, the money for which they believed would be reimbursed by a company called Viewble Media that would sell advertising on the displays.

Retail NI united the members to call for a solution at a meeting in the Crowne Plaza hotel on Wednesday night, 12 February. Political representatives joined over two hundred independent retailers in seeking a solution to the scheme.

Business owners believe they have been scammed into paying out money each month for the televisions, on the agreement that it would be refunded via advertising, by a company that has since went into administration.
News Image
Some retailers have over two years left on their finance plans of around £11,000 but are no longer receiving any income from Viewble Media.

As a result, the business owners have been left angry and frustrated and believe they were mis-sold the product.

Retail NI Chief Executive Glyn Roberts said: "This is a huge problem for a big section of our membership who are already struggling with high business costs such as rates and energy. We have been in contact with the Financial Ombudsman and would urge our MLAs to support our members in finding a solution.

"Our members are clearly not getting what they signed up for and need to be released from their finance agreements for these redundant plasma screens. I am disappointed that Grenke, the finance company, will not even meet with Retail NI to discuss possible solutions and would urge them to engage with us."



(JG/MH)

Related Northern Ireland News Stories
Click here for the latest headlines.

23 March 2020
Appeal As Co Down Companies Burgled
Police are appealing for information following burglaries of two businesses in Comber, Co Down. According to reports, entry was gained to a commercial premises on Railway Street at around 3.30am on Wednesday morning, 18 March. A sum of cash was taken.
29 July 2009
Rates Relief For SMEs Proposed
A scheme to reduce the rates burden for small and medium-sized businesses (SMEs) in Northern Ireland looks set to get the go-ahead. Stormont Finance Minister Sammy Wilson confirmed hw will press ahead with a scheme for Northern Ireland, following a meeting with the Northern Ireland Independent Retail Trade Association.
19 September 2013
Pubs Of Ulster And NIIRTA Meet With Richard Haass
The Chief Executives of Pubs of Ulster and the Northern Ireland Independent Retail Trade Association met with Dr Richard Haass and Professor Meghan O'Sullivan today.
22 September 2010
Bangor Sainsbury's Project Boosts Jobs
Development work will begin on a major superstore project in Bangor at the beginning of October, creating and securing dozens of construction jobs. The property expert who secured the deal to bring the Sainsbury's supermarket giant to Balloo Retail Park said that it will be a significant boost for the scheme and the local area.
24 September 2008
Training Takes To The Road
A new mobile unit aimed at bringing retail training direct to employees throughout Northern Ireland has been launched by NI Employment Minister, Sir Reg Empey (pictured).