Administration
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Biker groups call on government to recognise the role of bikes and scooters during the coronavirus crisis
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A coalition of the UK’s largest biker organisations has submitted a White Paper which calls for the government to recognise the role of motorcycles and scooters during the ongoing coronavirus crisis. The coalition includes the Motorcycle Action Group (MAG), the Vintage Motorcycle Club (VMCC), the Trail Riders Fellowship (TRF) and the British Motorcyclists Federation (BMF)…
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Norton collapse: MPs raise question over pensions scheme
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Questions have been raised in parliament over whether regulators should have got involved sooner in investigating the pension scheme set up by Norton Motorcycles and Stuart Garner. Norton owner Garner was a trustee of three pension schemes all of which were linked to the motorcycle company. And now MPs from the Work and Pensions Committee…
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Norton collapse: change.org petition started calling for Stuart Garner to be questioned by the Government
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A petition has been set up calling for Norton boss Stuart Garner to be questioned over his conduct with the beleaguered British motorcycle firm and his part of an ongoing pensions investigation. Garner’s Norton Motorcycles was put into administration at the end of January by Metro Bank over a £300,000 tax bill to HMRC. On…
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Norton collapse: “Significant interest” from potential buyers raises hopes of saving the motorcycle brand
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This could be the first chink of light in the dark Norton story, with a new statement from BDO – the company brought in to oversee administration of the company which collapsed at the end of January. BDO was brought in by Metro Bank to oversee the administration aspect of Norton Motorcycles three weeks after…
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Norton collapse: Production stops at Castle Donington, cars taken away, concrete blocks placed in front of entrances
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It’s reported that production of motorcycles has now stopped at Norton Motorcycles in Castle Donington, but there have so far been no redundancies announced. Reporting in Leicestershire Live, Business Editor Tom Pegden, has filed that concrete blocks have been placed at the entrances to Norton Motorcycles at Castle Donington. The action has come as administrators…
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Norton collapse: Stuart Garner does not show up at pensions hearing
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Allegations made by the pension fund members whose money was tied up in Norton shares were heard yesterday (Thursday) by the pensions ombudsman – but Norton owner Stuart Garner failed to attend the meeting even though he was scheduled to do so. Garner was meant to show up to answer claims from 30 separate members…
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Norton collapse: Administrator’s report shines light on the numbers
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Norton’s Administrators, BDO have compiled a report into the state of Norton Motorcycles and the report makes for interesting reading. In light of the company going into Administration last month there have been calls by frustrated customers, suppliers and now MP Meg Hillier for more clarity to come out about what’s been going on at…
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Call for inquiry into Government cash ploughed into Norton Motorcycles
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An MP has called for an official investigation into the Government’s funds that were put into Norton Motorcycles. Meg Hillier MP will now write to both the Cabinet Office and the Department for Business, Energy and Industrial Strategy (BEIS) to request an official inquiry into what happened to Norton Motorcycles and how it led to…
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SEVEN questions raised about the Norton Motorcyles COLLAPSE.
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Norton Motorcycles has gone into administration, as it is pursued by HMRC for £300,000 in unpaid taxes read about this HERE. Whilst the dust on this news settles, we’ve had a dig through our news archive to see what the company has been doing over the past few years – and doing this has raised…
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Norton Motorcycles collapse. More information comes to light.
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Following last week’s news that Norton Motorcycles has gone into administration, more information has come to light which indicates that the latest collapse of the iconic British brand was a long time coming. -Metro Bank has confirmed it has spent months working with Norton to find a solution before bringing in the administrators as…
