Date: 03-06-20  Time: 06:43 AM

Author Topic: Norton go into administration  (Read 2211 times)

ogri48

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Re: Norton go into administration
« Reply #25 on: 13 February 2020, 06:29:24 PM »

it get worse. Of the few people who had got their v4s, many went back to the factory for warranty issues on paint etc. Norton stripped the customers bikes down to the frame and engine, then used the parts to assemble other bikes to con more deposits etc. when the shit hit the fan and the owners went back to the factory to pick up the bikes they had left with minor warranty issues, all they got to take home was this...
Garner ran 6 aston martins amongst his fleet of cars. If he doesnt do some serious time for fraud/ theft on a huge scale, id really like to know why that is.

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Re: Norton go into administration
« Reply #26 on: 13 February 2020, 07:38:34 PM »
 Don’t forget the three Range Rovers and the Jag F Type.
More here……….
https://www.theguardian.com/business/2020/feb/12/inquiry-government-funding-norton-motorcycles?CMP=share_btn_tw
 

mtread

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Re: Norton go into administration
« Reply #27 on: 13 February 2020, 08:33:15 PM »
Absolutely shocking.


Not the first time a sharp salesman has duped everybody, and not the last.

unfazed

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Re: Norton go into administration
« Reply #28 on: 13 February 2020, 09:14:04 PM »
Damm :'( and I had bought a season ticket to watch Norton racing round the Circuit of Wales :'(
How the hell did he get away with this for so long and stripping customers bikes in for warranty.
Money was still being taken as deposits only a  week before going into Administration.

 
« Last Edit: 14 February 2020, 05:33:12 PM by unfazed »

coffee

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Re: Norton go into administration
« Reply #29 on: 14 February 2020, 05:59:12 PM »
Joe Craig,Ray Petty,Bill Lacey,Steve Lancefield,etc,etc,must be spinning in their graves,to think that this jumped up wanker has brought such a mark to its knees is unbelievable  :(
« Last Edit: 14 February 2020, 06:00:07 PM by coffee »
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ogri48

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Re: Norton go into administration
« Reply #30 on: 14 February 2020, 06:19:14 PM »
that they must. I think thats the real sting in the tail...most brit bikers wanted them too succeed, and I really thought they had. It looks more and more like the firm had so much investment from the government, pension pots etc, they could have come good. but that was never really  Mr 'Im a petrolhead biker myself' garners plan. Absolutely gutting really.

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Re: Norton go into administration
« Reply #31 on: 14 February 2020, 07:05:00 PM »
Joe Craig,Ray Petty,Bill Lacey,Steve Lancefield,etc,etc,must be spinning in their graves,to think that this jumped up wanker has brought such a mark to its knees is unbelievable  :(
Don’t forget Francis Beart, famous for his Norton development. Having watched a U tube clip on the subject, the figures involved are obscene. Other than the £300k owed to HMRC, there’s also £14mill to UK pensioners,£5mill in deposits from US customers,£16mill deposits from UK customers, £20 mill deposits from Japanese customers, £5mill owed to Chinese development companies, £4 mill in UK grants, and a £750k loan to UK banks. And no doubt that’s just for starters. :eek :eek

ogri48

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Re: Norton go into administration
« Reply #32 on: 14 February 2020, 07:10:49 PM »
how can shit like this even get that far in this day and age? I cant see how he aint gonna be banged up for a long stretch, it really is mind boggling. gawd I wanted one of the 961 commandos when they came out,; im guessing they might be pretty cheap secondhand soon, if you want to risk the reliability issues  :rolleyes

mtread

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Re: Norton go into administration
« Reply #33 on: 14 February 2020, 07:24:01 PM »
He's actually claiming to be a 'victim' of pension fraudsters  :(

YamFazFan

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Re: Norton go into administration
« Reply #34 on: 14 February 2020, 09:56:41 PM »

Joe Craig,Ray Petty,Bill Lacey,Steve Lancefield,etc,etc,must be spinning in their graves,to think that this jumped up wanker has brought such a mark to its knees is unbelievable  :(


Different circumstances I know, but to be fair the marque as most people knew it fell to its knees and collapsed about 50 years ago :\
Beauty is in the eye of the beerholder.

steve 10562cc

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Re: Norton go into administration
« Reply #35 on: 15 February 2020, 07:13:42 AM »
A lot of people were looking a Norton through rose tinted specs, and got took advantage of.

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Re: Norton go into administration
« Reply #36 on: 15 February 2020, 08:50:17 AM »
how can shit like this even get that far in this day and age?


Because there's too many others with their noises in the troff, keep your eye on HS2 there's another massive scam!
Later

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Re: Norton go into administration
« Reply #37 on: 15 February 2020, 12:21:19 PM »
 It’s interesting that there seemed to be a queue of Tory MPs lining up to associate themselves with this ‘great British brand’.


Stephen Barclay the BREXIT secretary stated that Norton was an example of a “great business” that would thrive when Britain leaves the EU. 



Stuart Garner the boss at Norton claimed he had no fears about BREXIT and said it would bring “huge opportunity” “It's what the country voted for so let's get on with it,"


Norton went bust the very same week the UK left the EU. 
 

coffee

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Re: Norton go into administration
« Reply #38 on: 15 February 2020, 11:24:18 PM »
Joe Craig,Ray Petty,Bill Lacey,Steve Lancefield,etc,etc,must be spinning in their graves,to think that this jumped up wanker has brought such a mark to its knees is unbelievable  :(
Don’t forget Francis Beart, famous for his Norton development. Having watched a U tube clip on the subject, the figures involved are obscene. Other than the £300k owed to HMRC, there’s also £14mill to UK pensioners,£5mill in deposits from US customers,£16mill deposits from UK customers, £20 mill deposits from Japanese customers, £5mill owed to Chinese development companies, £4 mill in UK grants, and a £750k loan to UK banks. And no doubt that’s just for starters. :eek :eek




 How could I forget the great Francis Beart with his trade mark pale green masterpieces,he even used to take metal out of the ends of engine bolts and hollow out non load bearing ones,all in the pursuit of light weight and when the 350 Manx was no longer competitive he turned his magic to the 350 Aermacchis which were works of art. :thumbup













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agricola

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Re: Norton go into administration
« Reply #39 on: 16 February 2020, 11:52:30 AM »
It’s interesting that there seemed to be a queue of Tory MPs lining up to associate themselves with this ‘great British brand’.


Stephen Barclay the BREXIT secretary stated that Norton was an example of a “great business” that would thrive when Britain leaves the EU. 



Stuart Garner the boss at Norton claimed he had no fears about BREXIT and said it would bring “huge opportunity” “It's what the country voted for so let's get on with it,"


Norton went bust the very same week the UK left the EU.


 :z :z :z :z :z :z :z

ogri48

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Re: Norton go into administration
« Reply #40 on: 16 February 2020, 12:15:12 PM »
Fucks sake mate. could the mods not make the b word automatically delete the whole post please? pretty please?

coffee

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Re: Norton go into administration
« Reply #41 on: 16 February 2020, 07:50:21 PM »
I'll go along with that!
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unfazed

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Re: Norton go into administration
« Reply #42 on: 16 February 2020, 07:53:33 PM »
And so say all of us. :eek

YamFazFan

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Re: Norton go into administration
« Reply #43 on: 16 February 2020, 08:14:16 PM »
I wondered how long it would be :z
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Re: Norton go into administration
« Reply #44 on: 16 February 2020, 08:31:51 PM »
 
Quote
Fucks sake mate. could the mods not make the b word automatically delete the whole post please? pretty please?
What I’m saying is the Tory government poured cash into this ‘most British’ of businesses.  Were they audited?   Why did they not know about the pension fund concerns?  Meanwhile, Norton thanked them for the cash by praising BREXIT, and the Tories had the media push the story.  Great British buiness looking forward to BREXIT - blah blah blah.  Maybe they didn’t care – maybe all they wanted was their pro BREXIT story.


Who knows – the whole thing sucks – just like BREXIT itself. ;)
 

YamFazFan

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Re: Norton go into administration
« Reply #45 on: 16 February 2020, 10:54:40 PM »
Yes, yes of course :) . Have a lie down and try to get some rest, things might seem better in the morning :)
Beauty is in the eye of the beerholder.

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Re: Norton go into administration
« Reply #46 on: 16 February 2020, 11:16:43 PM »
Yup tax payers money down the drain.Private investors ripped off by a company with full government confidence.I don't think things will look better for them any time soon. :\

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Re: Norton go into administration
« Reply #47 on: 17 February 2020, 08:08:47 AM »
As I said keep your eye on HS2! 



Later

agricola

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Re: Norton go into administration
« Reply #48 on: 17 February 2020, 05:00:29 PM »
Quote
Fucks sake mate. could the mods not make the b word automatically delete the whole post please? pretty please?
What I’m saying is the Tory government poured cash into this ‘most British’ of businesses.  Were they audited?   Why did they not know about the pension fund concerns?  Meanwhile, Norton thanked them for the cash by praising BREXIT, and the Tories had the media push the story.  Great British buiness looking forward to BREXIT - blah blah blah.  Maybe they didn’t care – maybe all they wanted was their pro BREXIT story.


Who knows – the whole thing sucks – just like BREXIT itself. ;)


 :z :z :z :z :z :z :z

ogri48

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Re: Norton go into administration
« Reply #49 on: 17 February 2020, 07:54:45 PM »