Norton Motorcycles

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Norton Motorcycles

Postby Kwacky » 28 May 2019, 08:50

Are they in financial trouble again?

https://beta.companieshouse.gov.uk/comp ... ng-history

The accounts up to March 2018 seem to suggest that over £7m worth of debt is about to fall due.

The basis for disclaimer makes for interesting reading as well
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Re: Norton Motorcycles

Postby duke63 » 28 May 2019, 09:01

The disclaimers mean there is no certainty over how accurate those accounts are.

There was a thread elsewhere where people who had put deposits down last year and earlier, threatened to take the Company to court to wind them up, and i believe had instructed solicitors to do just that as the delivery date of their bikes was continuously put off.

The accounts suggest the Company has little liquid cash. Not a good place to be.
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Re: Norton Motorcycles

Postby Blade » 29 May 2019, 00:58

I hope they run well at the TT with John McGuiness (y) but then saying that I might not wish them so well if I had a deposit on a bike that wasn't materialising and they were spending my hard earned on racing :?
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Re: Norton Motorcycles

Postby D41 » 29 May 2019, 07:31

They're the only company I can think of that seem to be doing an annual comeback tour.
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Re: Norton Motorcycles

Postby Rossgo » 16 Jun 2019, 07:38

Doesn't sound good then. That's a real shame though as they are a nostalgia type of manufacturer

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