Hitchcocks Forum

Just seen this on the news

Unpaid taxes

Shame Dai

Let's hope they find a buyer.

A.

Triumph !!

In the greater scheme of things a £300.000 tax demand is not a great deal for a viable business, looks like the "owner" has more than one problem. Sad none the less, but I think from day one the whole venture went sour. Two acquaintances bought these thing's, which were effectively a mail order luckybag.

I think they read the market wrong. In these days of austerity trying to run a business selling £19k bikes is never going to be easy.

Here's more about the reasons.

https://www.theguardian.com/business/20 ... nd-scandal

After reading (OK trying to read) more about this my sympathy lies lays lyes oh sod it. is with all the people involved
Customers workers pension holders shareholders etc
It looks like the management just not trustworthy
Let's hope that something good comes from this

Dai

I feel sorry for those who paid up front the full amount but will never get a bike!

I agree with earlier comments about reading the market wrongly - spending £5,500 on an Interceptor is not a huge investment - and its a brilliant bike for the money - not many would disagree with that - but spending the sort of money Nortons were going for - well you can buy a really good car for that, and lets be honest - very few of us buy a bike to ride every single day - they are just hobby bikes these days and in my opinion having £5K sat in the garage is quite acceptable but 4 - 5 times that amount and I would feel a bit guilty..

More info.

https://m.youtube.com/watch?v=0ryb8qoIdWM