We received the news from Leicester Mercury about 15 days ago . And we never expected that the British Iconic Brand would go into administration so soon.
Let’s take a look at Top 6 things that Norton was doing, and that pretty much showed Norton as a brand was stable.
Top 6 Things
Norton’s expansion plan ins Japan
With Norton having its expansion plans for Asia. It is one of a progression of exchange understandings declared among Britain and Japan.
Which the Government says is worth more than £200 million. Amid a visit by Japanese Prime Minister Shinzo Abe. It was in March 2019.
Norton joins hand with China-based Zongshen
British legendary Norton motorcycle brand responsible for. Creating the best motorcycles on the planet plus while
On the other hand, Chinese motorcycle brand Zongshen Ryuka is aggressive motorcycle brand trying to spread its wings across the world have joined their hands to deliver new machines.
Brought a particular model in alliance with Breitling
The reason for the uncommon model is the Commando 961 Sport. Highlights of the Norton Breitling Sport incorporate a dark completion with silver counterbalance zones on the tank and the seat bump.
There are additionally gold-hued configuration stripes and gold lettering. The side spreads are additionally set apart with the words “1 of 77”.
The plunge containers of the USD fork and the repositories of the back swaggers comes with the dark paint. Additionally kept dark are the cooling balances in the barrel zone.
Norton Dominator limited to 50 copies
Norton has unveiled the limited edition Dominator Street. Dominator Street includes a carbon hugger . Airbox, front mudguard, flyscreen, as well as polished yokes and engine covers, and a drilled clutch cover and chainguard.
Pricing on this limited-edition will be £21,950, approximately US $27,000 also with a £2000 approximate US $2,459 deposit you can book the bike.
Brought Superlight SS limited to 50 copies
Norton has released its first picture of Superlight SS that is limited to only 50 copies. That gets a Carbon Chassis with a Supercharged 650 engine.
The bike weighs 153 kg with a 2:1 titanium system and will come with a price tag of close to 36,000 £.
Deus and Norton as official partners
Norton enjoys a unique place in motorcycle history, drawing inspiration from the past while creating a lasting legacy for the future.
Founded in 1898, Norton enjoys some state of art inputs from the motorcycle fraternity. Deus has long admired the art in building and riding bikes, which is why we are proud to announce our official partnership with Norton.
“Is the British Iconic Motorcycle brand still under threat? Last year in March 2019, we were looking at the notice that Norton did receive from Companies House.
The notice talks about Norton not carrying out any business or operation.
The debt
Now we come to know from Leicester Mercury that Norton is working with HMRC to avoid the petition that will mostly say that Norton has not paid the vast debts that they have on them.
As per Stuart Garner, Norton Motorcycle owes £300,000 to HMRC, which is left outstanding via research & development tax relief that went in business.
The court further said how HM Revenue & Customs owes around £600,000, but half of the debt has already paid”.
As per Guardian now, Lee Causer, a partner at BDO, said: “Our job is to determine and execute the most appropriate strategy as swiftly as possible to protect creditors’ interests, bearing in mind the need to minimize distress for all parties.
“We are currently assessing the position of each of the companies to conclude upon the options available to them and the most appropriate way forward.”
The most important question is what happens to buyers who have already booked their books.
Well, to answer your question, uncertainty still looms in the air. We may also see a potential buyer who can buy the entire Norton to save it.
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