But, presumably, the whole motorcycling world now knows what has been going on and no-one would be daft enough to do business with Norton, whoever owns it. Sadly, it has to be a dead name now...RIP.
it should also be impossible for any previous directors or their ‘close’ relatives to have anything to do with a failed company or open a new company for five years minimum.
Norton in administration
-
Slowboy
- Posts: 153
- Joined: Tue Jun 19, 2018 1:13 pm
- Location: Kingsbridge, Devon
- Has thanked: 308 times
- Been thanked: 184 times
Re: Norton in administration
Indeed, a disappointing puff piece after the fact. Maybe his tone would have been different if his pension pot had been "invested" in Mr Garners lifestyle......Richard Simpson Mark II wrote: ↑Thu Mar 12, 2020 9:06 pm Guffcart still laying on the whitewash...no shame
https://www.cyclenews.com/2020/02/artic ... istration/
Small bike traveller
CRF250 Rally
C90
C125 Super Cub
CRF250 Rally
C90
C125 Super Cub
-
Richard Simpson Mark II
- Posts: 3519
- Joined: Tue May 09, 2017 9:03 pm
- Has thanked: 1414 times
- Been thanked: 1669 times
Re: Norton in administration
The latest instalment: https://www.superbike.co.uk/article/nor ... ey-is-owed
Just one error that I could spot. The customer deposits were paid to the dealer (at Garner's insistence). The dealer then had to hand the deposits to Norton. Customers can claim the money back from the dealer. It has cost my local Norton dealer a bob or two, so I understand. No chance of getting a £ back from Norton.
Just one error that I could spot. The customer deposits were paid to the dealer (at Garner's insistence). The dealer then had to hand the deposits to Norton. Customers can claim the money back from the dealer. It has cost my local Norton dealer a bob or two, so I understand. No chance of getting a £ back from Norton.
-
Richard Simpson Mark II
- Posts: 3519
- Joined: Tue May 09, 2017 9:03 pm
- Has thanked: 1414 times
- Been thanked: 1669 times
-
Tonibe63
- Posts: 3042
- Joined: Tue Sep 06, 2011 2:05 pm
- Has thanked: 1404 times
- Been thanked: 652 times
Re: Norton in administration
Open your eyes and you see what is in front of you, open your mind and you see a bigger picture but open your heart and you see a whole new World.
-
IanB
- Posts: 459
- Joined: Sun Jun 19, 2011 9:27 pm
- Location: West Yorkshire
- Has thanked: 1057 times
- Been thanked: 194 times
Re: Norton in administration
Oh dear...............Richard Simpson Mark II wrote: ↑Fri Apr 17, 2020 8:22 pm https://www.thehindubusinessline.com/co ... 370253.ece#
Sold to India
Time knows no limits for days such as these.............
-
Richard Simpson Mark II
- Posts: 3519
- Joined: Tue May 09, 2017 9:03 pm
- Has thanked: 1414 times
- Been thanked: 1669 times
Re: Norton in administration
More details here from the excellent Super Bike website
https://www.superbike.co.uk/article/tvs ... buy-norton
https://www.superbike.co.uk/article/tvs ... buy-norton
Re: Norton in administration
Greetings,
Made a discovery this evening, my MacBook Air has Smell-O-Vision
I think that I detected a whiff of farm yard aroma after reading the previous two links
Reminded me of another website I used to monitor.
TTFN
Hugh.
Made a discovery this evening, my MacBook Air has Smell-O-Vision
I think that I detected a whiff of farm yard aroma after reading the previous two links
Reminded me of another website I used to monitor.TTFN
Hugh.
-
Richard Simpson Mark II
- Posts: 3519
- Joined: Tue May 09, 2017 9:03 pm
- Has thanked: 1414 times
- Been thanked: 1669 times
Re: Norton in administration
Total debt at Norton, including the ripped-off pensioners who are at the back of a very long queue, is north of £28 million.
£28 million debt -
£16 million purchase price =
£12 million deficit.
a sorry tale.
£28 million debt -
£16 million purchase price =
£12 million deficit.
a sorry tale.
Re: Norton in administration
https://www.bbc.co.uk/news/uk-england-l ... e-52331528
Interesting, hopefully some people’s jobs will be saved.
Cheers
Interesting, hopefully some people’s jobs will be saved.
Cheers
