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Thread: Receivership 30 years ago today

  1. #1
    Senior Member nick sutton's Avatar
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    Receivership 30 years ago today

    Receivership - 30 years ago today



    Sir Kenneth Cork arrived at the DeLorean factory in Dunmurry early morning of the 19th February 1982. His mission was to announce in person, the statement that was to be broadcast from the House of Commons at 11.00 am. This was that DMCL in Northern Ireland was to enter Receivership.
    He was met at the factory by Shaun Harte the most senior of the Directors then on site – two other Senior Directors were in the US having travelled a week or so earlier; now with John DeLorean, planning the future, working on the response to the announcement to be made in Parliament
    Sir Kenneth gathered the senior management and Union officials in the Training Building to make his speech which was brief. He hoped that there would be a future for the company but at a reduced scale of operations.
    In the DeLorean offices in Coventry – three hundred miles away – we were unaware of the announcement made by Sir Kenneth.
    Someone brought in their radio so we could listen to the planned announcement in Parliament by James Prior Secretary of State for Northern Ireland. After prayers in the House of Commons the business started. Reading of The Dogs (Miscellaneous Provisions) Bill came first on the agenda of the day – as it should of course. Then James Prior stood to speak.
    He announced that DMCL would enter Receivership – at least it wasn’t closure as we’d thought – a huge relief. That would come eight months later. Within hours we were asked to asset label the desks, photocopy machine and anything that had value.
    Photographs of the DeLorean Car on the office wall disappeared within minutes, anything of value to the Receiver remained to closure.
    There would be a silence and lack of activity for a few weeks whilst we recorded our activity over the last three years compiling data for the Receiver on what we had spent and to whom – records I hold to this day.
    But what would happen next?
    Nick Sutton

  2. #2
    Senior Member Sidaries's Avatar
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    Quote Originally Posted by nick sutton View Post
    Receivership - 30 years ago today



    Sir Kenneth Cork arrived at the DeLorean factory in Dunmurry early morning of the 19th February 1982. His mission was to announce in person, the statement that was to be broadcast from the House of Commons at 11.00 am. This was that DMCL in Northern Ireland was to enter Receivership.
    He was met at the factory by Shaun Harte the most senior of the Directors then on site – two other Senior Directors were in the US having travelled a week or so earlier; now with John DeLorean, planning the future, working on the response to the announcement to be made in Parliament
    Sir Kenneth gathered the senior management and Union officials in the Training Building to make his speech which was brief. He hoped that there would be a future for the company but at a reduced scale of operations.
    In the DeLorean offices in Coventry – three hundred miles away – we were unaware of the announcement made by Sir Kenneth.
    Someone brought in their radio so we could listen to the planned announcement in Parliament by James Prior Secretary of State for Northern Ireland. After prayers in the House of Commons the business started. Reading of The Dogs (Miscellaneous Provisions) Bill came first on the agenda of the day – as it should of course. Then James Prior stood to speak.
    He announced that DMCL would enter Receivership – at least it wasn’t closure as we’d thought – a huge relief. That would come eight months later. Within hours we were asked to asset label the desks, photocopy machine and anything that had value.
    Photographs of the DeLorean Car on the office wall disappeared within minutes, anything of value to the Receiver remained to closure.
    There would be a silence and lack of activity for a few weeks whilst we recorded our activity over the last three years compiling data for the Receiver on what we had spent and to whom – records I hold to this day.
    But what would happen next?
    Nick Sutton
    Great (but sad) to know.
    Sir Kenneth cork has a good writing here:
    review
    Unfortunately the 3rd page is missing.

  3. #3
    DMC Texas 800-872-3621 or +1-281-441-2537 DMCH James's Avatar
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    Hmm, had no idea that was missing. I set that up at Webspawner like 10-12 years ago!

    In one of the cars I owned at one time, a previous owner had included the photocopied DeLorean-related pages from what I later learned was the Kenneth Cork autobiogrpahy "Cork on Cork". I OCR'd them and posted them online. I no longer have the copies, but did locate my own copy of the book eventually.

    James

  4. #4
    DMC Texas 800-872-3621 or +1-281-441-2537 DMCH James's Avatar
    Join Date:  May 2011

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    My VIN:    Formerly 10570 and 6776

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    Seems to work now...

    James

  5. #5
    Senior Member Sidaries's Avatar
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    Quote Originally Posted by DMCH James View Post
    Seems to work now...

    James
    Thanks. I started to translate it.

  6. #6
    Senior Member Dangermouse's Avatar
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    Not sure where I got this from (Chapters 1 & 2 only)
    Attached Files
    Dermot
    VIN 2743, B/A, Frame 2227, engine 2320

    I don't always drive cars, but when I do, I prefer DeLoreans

    http://www.will-to-live.org

    No-one is to stone anyone, even, and I want to make this absolutely clear, even if they do say "carburetor"

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