Yes, but there have been stories around for ages about contractors and suppliers not getting paid, sometimes for ages.
So cash flow has apparently been a problem here and there, almost from the beginning.
And Mr Garner sold off various of his companies just to get Nortons resurrection started, so it hasn't entirely been
a pot of gold to line his pockets - that I have seen in print yet anyway ?
It sounds like it has been a real juggling act to meet payroll and pay suppliers and keep the lights on and product flowing and pay the tax man ??
Maintaining the illusion of prosperity may have been all part of conjuring trick to getting Norton to fly - who wants to deal
with folks who drive Ladas and Trabants when you are talking big bucks exclusive machinery !!
Someone did say early on there weren't many motorcycles in the Co car park though....
Having GRAND PLANS when you are skint may not be the best business plan in the world either ??
This also brings to mind some (sorta ?) precedents ? Weren't the last batch of Velo's equipped with Concentrics
, when they should have been GPs.AMAL
wouldn't extend them any more credit to purchase the GPs, so they had to make do with Concentrics
And likewise Indian before them in 53 went with Amals on the last batch of Chiefs - Schebler/Linkert etc wouldn't give them enough credit to buy anything more.
Distinctive signs of seriously struggling companies.....
Q. How do you make a small fortune out of manufacturing motorcycles ?
A. Invest a large fortune in it...
THOSE WHO IGNORE HISTORY ARE CONDEMNED TO REPEAT IT. ?