Norton Motorcycles, founded in 1898, goes into administration - News Summed Up

Norton Motorcycles, founded in 1898, goes into administration


Sign up to FREE daily email alerts from Mirror - money Subscribe Thank you for subscribing We have more newsletters Show me See our privacy notice Invalid EmailNorton Motorcycles, founded in Birmingham in 1898, has gone into administration. The company started by James Lansdowne Norton began as a manufacturer of "fittings and parts for the two-wheel trade", but had started manufacturing motorcycles by 1902. Norton chief executive Stuart Garner Garner rescued the historic bike brand in 2008, moving it to Leicestershire from its traditional home in the West Midlands. He said his company owed HMRC £300,000 - mainly covered, he said, by outstanding research and development (R&D) tax relief which was owed to the business. Speaking after the hearing, Garner told LeicestershireLive: "They have extended the time we have to pay and agreed the payment we have put to them.


Source: Daily Mirror January 30, 2020 09:56 UTC



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