Monday, April 22, 2024
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Motad buyer in the wings

The administrator for bust Made-in-Britain exhaust manufacturer Motad-Venom of Walsall, West Midlands, is in talks with a potential buyer. No details are being divulged at present.

Motad ceased trading in March and was officially wound up on 5 April. Motad MD John Atherton, who bought Motad in 2002, has bought remaindered stock from the administrator and is now selling it. He will have a retail stand at the Classic Bike Show at the Stafford Showground this weekend (22-23 April).

Atherton said the main cause of failure was the loss of a major OEM contract. He said Motad’s best years were in the late 1990s thanks to OEM supply to the Triumph Hinckley factory. This contract ran for 10 years to 2000 when Triumph switched to overseas supply.

“We had a wide and varied portfolio,” said Atherton, who has been surprised by the number of people contacting Motad. “People are very shocked by the news,” he said. “Over the past few weeks as I have been tidying up people have been phoning and emailing wishing us well.”

Full story in the May issue of BDN.

Pictured are John Atherton and head of sales Ian McDonald

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