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Norton Motorcycles
Posted: 28 May 2019, 08:50
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
Re: Norton Motorcycles
Posted: 28 May 2019, 09:01
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.
Re: Norton Motorcycles
Posted: 29 May 2019, 00:58
by Blade
I hope they run well at the TT with John McGuiness
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
Re: Norton Motorcycles
Posted: 29 May 2019, 07:31
by D41
They're the only company I can think of that seem to be doing an annual comeback tour.
Re: Norton Motorcycles
Posted: 16 Jun 2019, 07:38
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
Re: Norton Motorcycles
Posted: 04 Jan 2020, 21:29
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.
Re: Norton Motorcycles
Posted: 04 Jan 2020, 21:50
by C00kiemonster
So they are track only?
Re: Norton Motorcycles
Posted: 04 Jan 2020, 21:51
by Blade
Have the customers been informed officially?
Re: Norton Motorcycles
Posted: 05 Jan 2020, 00:36
by duke63
They are not road registered as they do not have a certificate of Conformity.
Re: Norton Motorcycles
Posted: 09 Jan 2020, 22:50
by duke63
Company is now facing a £300k winding up petition from HMRC.
It's time the company was put out of its misery.
Re: Norton Motorcycles
Posted: 09 Jan 2020, 22:54
by duke63
Re: Norton Motorcycles
Posted: 09 Jan 2020, 22:57
by Kwacky
He's a charlatan.
Re: Norton Motorcycles
Posted: 09 Jan 2020, 23:00
by duke63
Rumours are he drives around in a fleet of Aston Martins.
Re: Norton Motorcycles
Posted: 17 Jan 2020, 21:23
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.....
Re: Norton Motorcycles
Posted: 17 Jan 2020, 21:38
by Kwacky
I hope so. John will kick the feck out of him.
Re: Norton Motorcycles
Posted: 17 Jan 2020, 22:20
by duke63
Probably running away.
Re: Norton Motorcycles
Posted: 17 Jan 2020, 23:56
by StMarks
duke63 wrote:Probably running away.
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 ).
Re: Norton Motorcycles
Posted: 23 Jan 2020, 19:03
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.
Re: Norton Motorcycles
Posted: 23 Jan 2020, 19:18
by C00kiemonster
What an awful way to operate.
Re: Norton Motorcycles
Posted: 29 Jan 2020, 20:33
by Jack