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Norton Motorcycles Goes into Administration

In the News

The famous British motorbike company Norton Motorcycles has gone into administration.

The Leicestershire firm was reportedly struggling to pay a tax bill and faced a winding-up order.

https://www.bbc.co.uk/news/business-51303905

As a biker I hope that they find another buyer soon but do wonder how they got into such a mess???

tumblespots
17 days ago
What do you think of this?
Sanitation1234
Sanitation123417 days ago

Thanks

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Dilligaf
Dilligaf17 days ago

They put a lot of money into building an engineering apprenticeship venue on their site which never took off, so that may have had an impact. It's a shame as they have been going for years, but the wrong people at the top cause everything to fall

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tumblespots
tumblespots
Original Poster
17 days ago

Yes, it usually starts at the top! 🐞

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Johnny
Johnny17 days ago

They got in a mess partly because Stuart Garner is dodgy. He owns other companies also in administration.

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ACR
ACR17 days ago

That is a real shame. Norton are such an iconic British company. Hopefully, it will be bought by someone that cares about the brand 🏍️

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tumblespots
tumblespots
Original Poster
17 days ago

Let's hope so, perhaps Henry Cole would be interested? 🤞 🐞

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BonzoBanana
BonzoBanana17 days ago

I think its been taken over and reborn many times since it was a major player back in the sixties etc. It's expensive to manufacture in the UK and have a R&D base here too. I don't think they ever had the sales to pay for the main office and development costs etc. Personally I feel they should have based their manufacturing mainly abroad with only final assembly in the UK. Ultimately though it was as a small scale manufacturer and not comparable to Triumph for example. I really hope it can be reborn again with a better management team and better control of costs.

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