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Jun 14th, 2026
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Joined: May 2014
Posts: 131
L - Learner Plates On
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L - Learner Plates On
Joined: May 2014
Posts: 131 |
There goes the Family silver.
I bet Morgan will be "Bigged up" over the next couple of years, sold on for a large profit and left to sink.
Tony
Claret Red +4
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Joined: Dec 2011
Posts: 1,943
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Dec 2011
Posts: 1,943 |
It is damn difficult to get the subsequent generations to stay the course of a Family Owned Business. The Siblings have a life to live of their own. Nothing is forever.
Button
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Joined: Aug 2010
Posts: 5,464 Likes: 171
Charter Member
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Charter Member
Joined: Aug 2010
Posts: 5,464 Likes: 171 |
Seems a great shame to me but I suspect they did not have a choice with the ever increasing level of investment required these days.
Plus - as DaveW posted above - it is very rare for a family business to make it past the third generation.
I hope it works out for them.
As an aside - someone posted in another place that this is the investment house that sold Ducati to VW.
Paul
Costock, UK
Plus Four 75th - Furka Rouge - Pip
Disco 5
Teddy - 17h1 Irish Draught cross
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Joined: Aug 2014
Posts: 5,587
Charter Member
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Charter Member
Joined: Aug 2014
Posts: 5,587 |
As long as production stays in Malvern/UK it looks ok !
Geneva 2016 plus 8' The Green Godess' 4 side exits .
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Joined: Mar 2013
Posts: 1,508 Likes: 57
Talk Morgan Enthusiast
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OP
Talk Morgan Enthusiast
Joined: Mar 2013
Posts: 1,508 Likes: 57 |
Maybe if all of you place an order in the next 3 weeks explaining that you do it to keep the Morgan set-up as it is, they will keep it!
Else, I understand their point.
2010 Violet Aero Supersports | 2012 Green Vantage S Roadster
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Joined: Apr 2017
Posts: 1,799 Likes: 4
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Apr 2017
Posts: 1,799 Likes: 4 |
My guess is that this has been in the planning for some time and that all the recent developments have been made with this in mind.
I would also dare to suggest that the recent good financial results have been, to some extent, "designed" to fall in line with the desired outcome.
Even though there are standardised accounting rules the numbers can be reported in different ways and things like depreciation and marketing expenses etc can be skewed to help get a desired financial outcome.
In my experience, the investing company quite often gets a few surprises when they actually take control and due diligence can only get you so far.
The family will have known what outcome they wanted for some time now.
Bob
2009 Black Roadster
1999 4/4 2 litre Zetec
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Joined: Jun 2018
Posts: 637 Likes: 15
Talk Morgan Regular
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Talk Morgan Regular
Joined: Jun 2018
Posts: 637 Likes: 15 |
it is very rare for a family business to make it past the third generation Couldn't agree more, I have seen far to many multi generational businesses fail (JCB is probably one of the bigger exceptions) to the point that my kids have no attachment to my businesses and need to make their own way in life to suit themselves. It is inevitable that this was going to happen at some point in time - Aston Martin, Bentley, Rolls Royce and Lotus have survived the transition from family ownership. Fingers crossed that it works out well for them.
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Joined: Aug 2010
Posts: 5,464 Likes: 171
Charter Member
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Charter Member
Joined: Aug 2010
Posts: 5,464 Likes: 171 |
My guess is that this has been in the planning for some time and that all the recent developments have been made with this in mind.
I would also dare to suggest that the recent good financial results have been, to some extent, "designed" to fall in line with the desired outcome.
Even though there are standardised accounting rules the numbers can be reported in different ways and things like depreciation and marketing expenses etc can be skewed to help get a desired financial outcome.
In my experience, the investing company quite often gets a few surprises when they actually take control and due diligence can only get you so far.
The family will have known what outcome they wanted for some time now. Agreed.
Paul
Costock, UK
Plus Four 75th - Furka Rouge - Pip
Disco 5
Teddy - 17h1 Irish Draught cross
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Joined: Apr 2011
Posts: 8,646
Needs to Get Out More!
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Needs to Get Out More!
Joined: Apr 2011
Posts: 8,646 |
Although the Morgan family have decided to pasta control to Investindustrial, they are keeping a pizza the business.
Giles. Mogless in Paris.
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Joined: Oct 2014
Posts: 5,017 Likes: 3
Charter Member
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Charter Member
Joined: Oct 2014
Posts: 5,017 Likes: 3 |
Glad to own a classic 4/4.
Another part of live has turned to history.
The trad times are gone and they will never return.
Hannes
once: Green M3W; 2013
now: Red 4/4 Sport; 2011
and some practical cars for use in real life
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