Norton Motorcycles

The news and your views about biking
Post Reply
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Norton Motorcycles

Post by Kwacky »

Are they in financial trouble again?

https://beta.companieshouse.gov.uk/comp ... ng-history" onclick="window.open(this.href);return false;

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
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Norton Motorcycles

Post by duke63 »

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.
User avatar
Blade
Posts: 18772
Joined: 14 Mar 2014, 18:43
Your Bike: Kawasaki ZX10R
Location: North West
Has thanked: 3134 times
Been thanked: 3767 times

Re: Norton Motorcycles

Post by Blade »

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 :?
User avatar
D41
Posts: 12923
Joined: 22 Sep 2014, 11:36
Your Bike: Triumph Daytona 650.
Has thanked: 4283 times
Been thanked: 1129 times

Re: Norton Motorcycles

Post by D41 »

They're the only company I can think of that seem to be doing an annual comeback tour.
User avatar
Rossgo
Posts: 10407
Joined: 14 Mar 2014, 02:01
Your Bike:
Location: Berkshire
Has thanked: 5280 times
Been thanked: 1326 times

Re: Norton Motorcycles

Post by Rossgo »

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

Sent from my SM-G935F using Tapatalk
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Norton Motorcycles

Post by duke63 »

According to someone on the Ducati forum, the few bikes they are sending out are not homologated for or approved for use on UK or European roads.
User avatar
C00kiemonster
Posts: 8425
Joined: 22 Oct 2013, 07:11
Your Bike: Triumph Street Triple 765 R
Location: Not Froggie Land
Has thanked: 4296 times
Been thanked: 1737 times

Re: Norton Motorcycles

Post by C00kiemonster »

So they are track only?
User avatar
Blade
Posts: 18772
Joined: 14 Mar 2014, 18:43
Your Bike: Kawasaki ZX10R
Location: North West
Has thanked: 3134 times
Been thanked: 3767 times

Re: Norton Motorcycles

Post by Blade »

Have the customers been informed officially?
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Norton Motorcycles

Post by duke63 »

They are not road registered as they do not have a certificate of Conformity.
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Norton Motorcycles

Post by duke63 »

Company is now facing a £300k winding up petition from HMRC.

It's time the company was put out of its misery.
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Norton Motorcycles

Post by duke63 »

https://www.derbytelegraph.co.uk/news/n ... up-3719056" onclick="window.open(this.href);return false;
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Re: Norton Motorcycles

Post by Kwacky »

He's a charlatan.
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Norton Motorcycles

Post by duke63 »

Rumours are he drives around in a fleet of Aston Martins.
User avatar
C00kiemonster
Posts: 8425
Joined: 22 Oct 2013, 07:11
Your Bike: Triumph Street Triple 765 R
Location: Not Froggie Land
Has thanked: 4296 times
Been thanked: 1737 times

Re: Norton Motorcycles

Post by C00kiemonster »

Well John McGuiness has posted on twitter today that he can't get hold of Stuart and he's trying to get hold of him.
I wonder if they owe him money.....
User avatar
Kwacky
Posts: 38538
Joined: 21 Oct 2013, 21:52
Your Bike: Brutale 800RR, 1000SX Ninja
Location: Brum
Has thanked: 4314 times
Been thanked: 8352 times

Re: Norton Motorcycles

Post by Kwacky »

I hope so. John will kick the feck out of him.
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Norton Motorcycles

Post by duke63 »

Probably running away.
User avatar
StMarks
Posts: 4578
Joined: 17 Mar 2014, 21:55
Your Bike: Daytona 675 graphite
Location: East Riding of Yorkshire
Has thanked: 915 times
Been thanked: 1306 times

Re: Norton Motorcycles

Post by StMarks »

duke63 wrote:Probably running away.
(wait) Or didn't run fast enough / far enough, from someone he's had over. ( & < that's not going to be a short list of suspects ).
User avatar
duke63
Posts: 15493
Joined: 22 Oct 2013, 07:34
Your Bike: Ducati 748/853 & Triumph Street Triple 765RS
Location: Staffordshire
Has thanked: 4170 times
Been thanked: 4124 times

Re: Norton Motorcycles

Post by duke63 »

https://www.visordown.com/news/racing/r ... y-seen-him" onclick="window.open(this.href);return false;

McGuinness allegedly still owed £60k in salary.
User avatar
C00kiemonster
Posts: 8425
Joined: 22 Oct 2013, 07:11
Your Bike: Triumph Street Triple 765 R
Location: Not Froggie Land
Has thanked: 4296 times
Been thanked: 1737 times

Re: Norton Motorcycles

Post by C00kiemonster »

duke63 wrote:https://www.visordown.com/news/racing/r ... y-seen-him

McGuinness allegedly still owed £60k in salary.
What an awful way to operate.
User avatar
Jack
Posts: 2629
Joined: 11 Mar 2014, 21:49
Your Bike:
Has thanked: 1396 times
Been thanked: 1636 times
Contact:

Re: Norton Motorcycles

Post by Jack »

Post Reply