Norton go into administration

[ogri48]

Fucks sake mate. could the mods not make the b word automatically delete the whole post please? pretty please?

[coffee]

I'll go along with that!

[unfazed]

And so say all of us. :eek

[YamFazFan]

I wondered how long it would be :z

[VNA]

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]

Yes, yes of course . Have a lie down and try to get some rest, things might seem better in the morning

[VNA]

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. :\

[Gnasher]

As I said keep your eye on HS2! 

[agricola]

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]

this is very very  much worth a read...https://www.superbike.co.uk/article/nort...-the-start

[robbo]

Such a shame that the name Spondon, so well respected in the past, has been dragged through the dirt. If the original retiring partner hadn't been so desperate for cash, then no doubt this financial tragedy wouldn't have happened.

[unfazed]

Read that earlier today  :rolleyes

[mtread]

Blimey. More of a crook than even I thought

[ogri48]

unreal aint it?. I always thought Norton had been bought by a multi millionaire businessman, not some bloke who ponsed 90 grand off his dad and chanced the rest to build a long con

[mtread]

What I don't get, is why didn't he just play it straight? Decent bikes, albeit niche, at a premium price. Plenty of orders from the US.
If CCM can make a go of it. Why do the con man?

[coffee]

Scared of losing a few quid doing things the right way,just a typical silverspoon tosser. :finger :foc

[Gnasher]

Greed  :finger

[VNA]

Questions need to be asked about the grants and loans they received.  Were audits carried out, if not, why not, and if they were, why did they not pick up that the business was bent.  Laws need to be tightened on Pensions investment rules. 
https://www.theguardian.com/business/202...otorcycles

[VNA]

this is very very  much worth a read...https://www.superbike.co.uk/article/nort...-the-start

Jesus.  Appears the whole thing sucked right from the start. 

[ogri48]

What I don't get, is why didn't he just play it straight? Decent bikes, albeit niche, at a premium price. Plenty of orders from the US.
If CCM can make a go of it. Why do the con man?

it really is a crying shame innit. as you say, with all that going for them, if he had been straight, Norton would have worked.