Nortons current state
Discussion
Hungrymc said:
Not sure about that.
Being trustee of a pension and investing it into your own struggling business sounds like enough for some significant personal responsibility...…
That part of it should be provable fraud, I really hope so, in either event the pension holders are likely to be shafted. What a sBeing trustee of a pension and investing it into your own struggling business sounds like enough for some significant personal responsibility...…
tty thing to do.boyse7en said:
EarlofDrift said:
Tony Smith, a bike enthusiast from Sussex, says he ordered a Norton Dominator Street from the company last August, and paid the full purchase price of £22,000. He says he was informed his bike would be ready in September, November and then December – before being told the firm would be starting work on his bike this month. He has still to receive it. He said: “I wish I could tell you where my bike is. I’ve had numerous promises of when my bike would be made. My bike was never made and of course now my bike won’t be made. It got to the point where people weren’t returning my calls, my emails weren’t being answered. Emotionally I’ve written the money off. I’m furious.”
If I had paid £22k for a bike I'd be down at the Norton factory taking my £22k bike. He must be fairly well off to just write off that sort of money, if they had a Norton Dominator Street I'd be main damn sure I'd be getting it or my 22k back.
But there isn't a bike. There are no bikes, that was the problem. The supplier weren't getting paid so they refused to supply the components to build the bikes, so there is nothing there to collectIf I had paid £22k for a bike I'd be down at the Norton factory taking my £22k bike. He must be fairly well off to just write off that sort of money, if they had a Norton Dominator Street I'd be main damn sure I'd be getting it or my 22k back.
Tony Smith, from Sussex, will have to queue up with the rest of those that are owed to await settlements from BDO (the administrators). It will be pennies on the pound however. I hope Tony paid some of it on a credit card.
While you're waiting for your pension back, or your deposit, or your Norton, you can read about the charming Mr Garner.
https://www.derbyshirelife.co.uk/out-about/events/...
I hate these magazines, usually written by a horse faced bint giving some odious tt a reach around.
https://www.derbyshirelife.co.uk/out-about/events/...
I hate these magazines, usually written by a horse faced bint giving some odious t
t a reach around. BobSaunders said:
Do not forget, that whilst there are no bikes, there is parts, tools, buildings etc.
Tony Smith, from Sussex, will have to queue up with the rest of those that are owed to await settlements from BDO (the administrators). It will be pennies on the pound however. I hope Tony paid some of it on a credit card.
Yes as long as some has been paid on a credit card then the cc company are liable for all the money, some you should get your £22k back? Read up on section 75?Tony Smith, from Sussex, will have to queue up with the rest of those that are owed to await settlements from BDO (the administrators). It will be pennies on the pound however. I hope Tony paid some of it on a credit card.
Castrol for a knave said:
While you're waiting for your pension back, or your deposit, or your Norton, you can read about the charming Mr Garner.
https://www.derbyshirelife.co.uk/out-about/events/...
I hate these magazines, usually written by a horse faced bint giving some odious tt a reach around.
Reading that makes him sounds as crooked as a 9 bob note, the sort of guy who would have no morals as long as some cash ends up in his pocket. I predict prison once the authorities catch up with him.https://www.derbyshirelife.co.uk/out-about/events/...
I hate these magazines, usually written by a horse faced bint giving some odious t
t a reach around. oddball1313 said:
Reading that makes him sounds as crooked as a 9 bob note, the sort of guy who would have no morals as long as some cash ends up in his pocket. I predict prison once the authorities catch up with him.
Meh, these types of people always seem to slip away. A guy we knew once took a large polymer supplier for millions. They tried but never got him. He was just like this guy...couldn’t lay straight in bed. So an over priced product with huge overheads and unsuitable premises, has limited market representation and niche appeal goes bust.
Add to that the development costs of another niche, over priced V4 to race in an international event (IOM TT) and the cost of top notch riders and an owner with questionable morals and it's all ended in tears.
Was never going to end well, really.
Hindsight is a wonderful thing.
Add to that the development costs of another niche, over priced V4 to race in an international event (IOM TT) and the cost of top notch riders and an owner with questionable morals and it's all ended in tears.
Was never going to end well, really.
Hindsight is a wonderful thing.
Jazzy Jag said:
So an over priced product with huge overheads and unsuitable premises, has limited market representation and niche appeal goes bust.
Add to that the development costs of another niche, over priced V4 to race in an international event (IOM TT) and the cost of top notch riders and an owner with questionable morals and it's all ended in tears.
Was never going to end well, really.
Hindsight is a wonderful thing.
It's been coming for years. I don't think I've heard of a single order which was delivered on time, or even close to it. MCN and others are complicit for not telling the real story, too! (Henry Cole should also accept some flak, imho)Add to that the development costs of another niche, over priced V4 to race in an international event (IOM TT) and the cost of top notch riders and an owner with questionable morals and it's all ended in tears.
Was never going to end well, really.
Hindsight is a wonderful thing.
If i remember rightly, didn't Garner buy Spondon Engineering - at the time a reasonably busy company - and desolve it before offering the staff a move to Norton or get made redundant option?
Thoroughly despicable person and whilst i'd love to see him get his comeuppance, i suspect others are right and he'll get away with it.
Thoroughly despicable person and whilst i'd love to see him get his comeuppance, i suspect others are right and he'll get away with it.
Spondon had some really talented people and made some fabulous stuff. Aluminium welding and frame fabrication second to none. However.....by the mid 90’s I found them to be in turmoil. I commissionn aluminium fuel tank for my rotary Norton and eventually went to see them the find out what was going on. Quite frankly they were in total disarray. When Mr. Garner bought them I was staggered. I suspect he only wanted the name and some of their skilled workforce.
I hope that Norton re-emerges at some point.
I hope that Norton re-emerges at some point.
The name Norton has been used to waste a lot of time and money for decades. wankel engines after the oil and emissions crisis that saw 2 strokes fade away is one past wrong step.
This one is the doozy. Borrowing and stealing money to produce some custom bikes for display at shows for the last 10 years.
The name should be sold to someone that can make money out of it.
We will always need bog roll so that could be a way forward.
This one is the doozy. Borrowing and stealing money to produce some custom bikes for display at shows for the last 10 years.
The name should be sold to someone that can make money out of it.
We will always need bog roll so that could be a way forward.
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