NOC talks with Norvil over.

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toppy

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I have just read a short item on Norton Owners Club website saying that the talks with Norvil about the possible purchase of all or part of that company are over. It seems the club may not be going any further with this idea. Also that the members will not get to vote or have any say on what happens one way or another about this matter.

Am sure more details will emerge in time but for now it seems sanity has at last prevailed as far as am concerned.
 
toppy said:
Also that the members will not get to vote or have any say on what happens one way or another about this matter.
Click to expand...

Just curious how that works, is it democratic in the hope that the elected committee will represent its members to their best interests.
The members would give the financial security to that club via some from of annual dues so the committee would base their decisions on nominated and club integrity ?
 
I can't find it now but i think there is any earlier post on the NOC forum from the someone on the EC stating that the recommendation to the next NOC AGM will be not to go further. So the decision isn't formally made at this stage - unless that AGM has already been and gone?
 
The thread is in the NEWS AND VEIWS section of the club's website (sorry my lowly Internet skills don't go as far as posting a link). It has been said by their webmaster that talks have come to an end because those involved with them have reached a conclusion. This will be reported to the annual general meeting in April 2015 as this was the process agreed upon in the last general meeting.

So it may still be that only a small amount of the members who are able to attend this meeting will have a say one way or another and those who for whatever reason cannot attend will not.
 
toppy said:
The thread is in the NEWS AND VEIWS section of the club's website (sorry my lowly Internet skills don't go as far as posting a link).
Click to expand...

'News and Views' is only available to NOC members who have logged in, so a link only goes as far as the NOC log in page.
 
Very few of our Brit bike suppliers are getting sold as going concerns recently, in these days of the internet the value of 'Customer Goodwill' on the accounts is normally vastly inflated so the normal route is a firesale of the stock. Domiracer is an example, of course a supplier with a dubious reputation is even more likely to be forced down that route. Its a pity the EC wasted so much time over a very simple decision which is to wait until the firesale and send the Spares guys in with a big cheque book and a long list of rare parts to buy.
 
Very good point, I was at the last AGM, (my first) and ok with the decsion to explore further but I was struggling to understand what value other than the stock we would be buying? I don't see a lot of customer goodwill flying around that particular business though all my transactions have been fine.
 
They are a well known company, so there is "goodwill" in the business sense of the word.

I think a Norton Owners' Club spares scheme, which retailed to the public, could have a shortcut to just as much goodwill. And to all the problems of running a business mixed up with a club.
 
Triton Thrasher said:
They are a well known company, so there is "goodwill" in the business sense of the word.

I think a Norton Owners' Club spares scheme, which retailed to the public, could have a shortcut to just as much goodwill. And to all the problems of running a business mixed up with a club.
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Not forgetting that Mr Emery started his business with a shed full of stuff, and 'goodwill' that was originally derived from being the NOC Spares Secretary!

I am so pleased they have come to the conclusion they have. And since they have, I cannot see why any member vote is needed, and I think it is best to avoid one anyway.....especially if it is based on teh minority who can get to an AGM....
 
I was just reading the lengthy string on the NOC site. From what I could understand the EC will "talk" with Les Em, but any decision to buy will address the membership first. It doesn't say how the EC will address a majority vote. I'm a long time NOC member through the only US branch. I'm not sure at this point if I support the purchase or not.
 
After the AGM in April, the executive committee put together a sub committee to investigate what was on offer and report back. This has been done. The minutes of the EC meetings are sent to the branch secretaries. About 6 weeks ago the minutes reflected that there was no intention to proceed any further with negotiations. My personal opinion is that this is a good decision for the NOC.
None of the companies supplying Norton parts give any discount to NOC members. You just have to decide who you would prefer to deal with and who gives best service and value for money. Andover Norton get my vote. we would be up s--t creek for the genuine Commando parts without them IMHO
 
Then I take it the inventory wasn't that impressive to justify buying it for future needs of the members. I would not have been in favor of the club running a business.
 
The club spares scheme as i understand it is mostly there to help supply and manufacture if necessary parts that are rare or unavailable to its members. This is for the most part light weights and older models of twins and singles as the limited market for these means it is not commercially available for others to do so. As Commando an some other models like Manx are will catered for with quality parts it makes no sense to compete with current suppliers of these models. So only a small amount of the Norvil stock would be of use to the club and the quality of so of that small amount of stock may itself be not good enough for the club to wish to sell to its members. As selling any parts which are not of suitable quality may harm the club or cause it costly warranty or replacement issues and bad PR as has happened to Norvil.
 
wow, i thought noc was mostly a forum :shock: ended up there the odd time from a google
 
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