Nortons current state
Discussion
NS400R said:
carinaman said:
What a load of s
te. 4 minutes is and it us some Yorkshire TW@ droning on about coronavirus... WTF? 
carinaman said:
Sorry about the Fillingham links, I thought he may have some info. of use to people following what happened at Norton. He does ask people with more ideas about what's going on with Garner and Norton to contact him.
He often does have something useful, you just have to listen to a lot of tedious, unrelated droning before you get to hear it.Once I get my youtube channel up and running, I'll show them all how it's done, TMF an all!
Fundoreen said:
There was an article in the guardian yesterday on this to do with the pension side. I would expect some sort of prison sentence at the end in a sane world.
You can read it at full speed in minutes as well rather than get the above fella to sum it up in 45 minutes.
The last two paras sum up Garner for me:You can read it at full speed in minutes as well rather than get the above fella to sum it up in 45 minutes.
Grauniad piece said:
Further documents, which have been seen by the Guardian, also suggest that Garner knew that Meeson and Bradley were being investigated for the tax fraud more than a year before he engaged with them on the pension schemes.
Garner has said that he did not know he was dealing with fraudsters when creating the pension schemes and that he considers himself to be a victim. He denies any wrongdoing.
Garner has said that he did not know he was dealing with fraudsters when creating the pension schemes and that he considers himself to be a victim. He denies any wrongdoing.
NS400R said:
Unbelievable! That crook needs to be locked up, I thought it was illegal to operate a company trading behind its means.I think it highly likely that there is sufficient evidence to prove trading recklessly. In which case it is possible that the limited company protection could be withdrawn, making the directors personally liable.
I would hope that criminal intent can be proven too which will hopefully produce a spell inside.
For the creditors, their only hope is that the sale of the going concern raises some cash. However it could well be that Garner's wife or Steve Murray (think former director whose sob story didn't check out) buy it for buttons which would be the ultimate insult to those who have lost money.
I would hope that criminal intent can be proven too which will hopefully produce a spell inside.
For the creditors, their only hope is that the sale of the going concern raises some cash. However it could well be that Garner's wife or Steve Murray (think former director whose sob story didn't check out) buy it for buttons which would be the ultimate insult to those who have lost money.
NS400R said:
I think it highly likely that there is sufficient evidence to prove trading recklessly. In which case it is possible that the limited company protection could be withdrawn, making the directors personally liable.
I would hope that criminal intent can be proven too which will hopefully produce a spell inside.
For the creditors, their only hope is that the sale of the going concern raises some cash. However it could well be that Garner's wife or Steve Murray (think former director whose sob story didn't check out) buy it for buttons which would be the ultimate insult to those who have lost money.
I agree with everything you say but I thing "going concern" is an optimistic view. Given the numbers mentioned, I really don't see anything other than flogging what's left on eBay and paying something like 1p in the pound.I would hope that criminal intent can be proven too which will hopefully produce a spell inside.
For the creditors, their only hope is that the sale of the going concern raises some cash. However it could well be that Garner's wife or Steve Murray (think former director whose sob story didn't check out) buy it for buttons which would be the ultimate insult to those who have lost money.
Really sad, especially for those with nothing left for their pension, but it always was a pipe dream with no real future.
I think there is a future for Norton. Drop the TT racing which is ruinously expensive, drop the high overheads and I reckon there is enough demand for low volume boutique production. The design is there, the bikes look stunning. If you have enough cash and can get volumes up....
But then I may be wrong. Hesketh couldn't make it work and post Covid19 is going to be a different world and that will impact all manufacturers. Whatever happens, I hope Norton make it.
But then I may be wrong. Hesketh couldn't make it work and post Covid19 is going to be a different world and that will impact all manufacturers. Whatever happens, I hope Norton make it.
The thing is, Norton's have always appealed to nostalgic bikers like myself, Featherbed frames, ES2's, Manx Norton's, Dominators, Commando's with Isolastic suspension etc.
In ten or fifteen years time the future of motorcycles, like cars will be electric.
Personally I think, as name they are dead in the water like TVR, but I hope I am proved wrong.
I also hope Stuart Garner is held fully to account for his actions.
In ten or fifteen years time the future of motorcycles, like cars will be electric.
Personally I think, as name they are dead in the water like TVR, but I hope I am proved wrong.
I also hope Stuart Garner is held fully to account for his actions.
Wacky Racer said:
In ten or fifteen years time the future of motorcycles, like cars will be electric.
Personally I think, as name they are dead in the water like TVR, but I hope I am proved wrong.
I think there will be a place for IC bikes for a long time yet- electric will become the commuter tool, but the weekend enjoyment will be combustion in one form or another.Personally I think, as name they are dead in the water like TVR, but I hope I am proved wrong.
I hope they find an investor as the designs are sound, and clearly no shortage of punters for them for now. Get everything moved to a proper, production-suitable place and crack on.
V8fan said:
The plan from 2035 (in the UK anyway) is no more new ICE cars and vans, but motorcycles are not included.
Not yet anyway:-https://www.motorcyclenews.com/news/petrol-ban-mot...
Surely the market for nostalgia bikes has to be limited going forward as those old enough to remember Norton or other British bikes when they were new probably won’t be around or riding in ten or twenty years.
Personally I think the bike market in the U.K. is fked anyway. Last bike show I went to it was all middle aged men (or older). Similar for track days. Maybe I’m wrong but how many twenty year olds are getting into bikes today (I tried and failed to find statistics on line for number of new riders per year)? Who will be buying bikes when the current crop of old gits hang up their leathers?
Personally I think the bike market in the U.K. is f
ked anyway. Last bike show I went to it was all middle aged men (or older). Similar for track days. Maybe I’m wrong but how many twenty year olds are getting into bikes today (I tried and failed to find statistics on line for number of new riders per year)? Who will be buying bikes when the current crop of old gits hang up their leathers?Esceptico said:
Surely the market for nostalgia bikes has to be limited going forward as those old enough to remember Norton or other British bikes when they were new probably won’t be around or riding in ten or twenty years.
Personally I think the bike market in the U.K. is fked anyway. Last bike show I went to it was all middle aged men (or older). Similar for track days. Maybe I’m wrong but how many twenty year olds are getting into bikes today (I tried and failed to find statistics on line for number of new riders per year)? Who will be buying bikes when the current crop of old gits hang up their leathers?
2013/14 module 2 test passes.Personally I think the bike market in the U.K. is f
ked anyway. Last bike show I went to it was all middle aged men (or older). Similar for track days. Maybe I’m wrong but how many twenty year olds are getting into bikes today (I tried and failed to find statistics on line for number of new riders per year)? Who will be buying bikes when the current crop of old gits hang up their leathers?Total = 30,453
Of which 7,567 were aged 16-25 years.
That was the year with the lowest number of total test passes this decade.
The group with the largest number of passes is consistently the 21-30 age bracket. Typically there are about 20,000 test passes each year by those aged 16-30.
Edited by vonhosen on Tuesday 31st March 00:59
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