Have they been “Wound Up” yet? https://www.visordown.com/news/general/companies-house-issues-notice-dissolve-norton-motors-uk-ltd
Possible, but it could be a hindrance as suppliers may not want to deal, again, with such a lame duck
This isn't Norton Motorcycles that is now in administration: GARNER, Susannah Correspondence address Donington Hall, Castle Donington, Derby, Derbyshire, England, DE74 2SG Role Active Director Date of birth August 1986 Appointed on 11 March 2020 Nationality British Country of residence England Occupation Administrator
GARNER, Stuart James Correspondence address Donington Hall, Castle Donington, Derby, United Kingdom, DE74 2SG Role Resigned Director Date of birth November 1968 Appointed on 31 March 2015 Resigned on 11 March 2020 Nationality English Country of residence England Occupation Chief Executive
Read the articles published by John hogan on the superbike site. The main company was registered as Norton Motorcycles LTD, Garner created Norton MC in the last months as it was all going wrong presumably as some sort of dodge to give himself some way of protecting some assets, just like he sold off the engine rights and templates for the 961 in December and the administrators are saying they don’t see that as part of it as it was already a done deal, despite the money from the IP sales being available in the business accounts
The above company was going to be struck off - the director change avoided that action by the looks of it...
This is where the UK is utterly shite in bringing charges to people like him. It shouldn’t be hard, seeing as he is a UK resident. It’s extremely hard when they aren’t UK residents but this shouldn’t be difficult.
To my mind, if garner has done something, it's likely well dodgy. What happened to those pensions is reprehensible.
Irrepsective of the whys and wherefores, I would think that the name "Norton" is so tarnished as to be worthless.
The receiver is still waiting for a statements of affairs, i suspect that Messrs Garner and Skinner are slowing the process down with a view to have all potential purchasers fall away leaving themselves to buy back assets a knockdown price and start again. Mrs Garner will be Director as Garner and Skinner are likely to be banned from being directors for a while. not forgetting of course that they might be on 'Holiday' for a few years as well.
It may very well be the Administrators have instructed Garner to change the name from Norton MC Ltd to NMC123 ltd on the basis Norton MC Ltd is too close too and therefore confusing with Norton Motorcycles Ltd which they are trying to administer and presumably sell as an entire business.
Deal has been done and announced this afternoon. TVS have purchased Norton for an undisclosed amount believed to be about £16million
