Lorne, Would you please give us some explanation about your comment : '' A large loan (during the '60s) from his then wife culminated in Peter Morgan's loss of his sole majority (in the Morgan Motor Company) and the decisions that lead to the 2019 sale ''? I think that many Morganeers would like to understand better the chain of events that led to the sale of 51 % of MMC shares to Invest Industrial. Gilles from Quebec
Hi Gilles,
How ARE you?!!!! I am reading of the events the Quebec mog group has had and are planning. Please give my regards to the gang. Audrey and my time in Quebec is shortening each year. We are only there a few weeks now in the summer since we sold our Laurentian home. The gatherings are always a little before or after our stay.
My sources for the MMC saga are either from people who were there or around, many passed now. But for the public I usually point to the UK's very excellent COMPANY HOUSE information service with the codicil that private company information is not always accurate
But the service saves me from giving confidential sources. These are/were sweet rather shy people. And I was in law where silence is engrained.
I enjoy this stuff. The real story of the Family and the Morgan Motor Company, at least all I know of it, is far more fascinating than historians and the Company would have us believe. That's a pity as it takes a LOT of heroes and courage (along with luck) for any family company to survive more than a century! It would make a super television series! And I was, in another life up the early 1990s, a specialist in Insolvency & Turnarounds, much like Dominique Riley, the last family appointed Chairman (2016-1019). IMHO, the roots of 2019 transaction actually began with HFS's Last Will and Testament (he passed in 1959 IIRC) There are copies around. I have one myself. But the Morgan share set-up, reflecting the loan you are inquiring about, are there from the beginning of Companies House.
Firstly, in 2019,[u] ALL the shareholders sold ALL their shares, not only 51%.
There was a purposeful rumor, probably nurtured by the Company's advertising agency, that Charles Morgan had retained an interest, but that, as we all now know, was not true. gmg
