At a meeting of creditors held in October 1920 it was explained that although the company had previously accumulated a surplus of £900,000 in 1918, following a slump in the sale of motorcycles the company had liabilities of £705,430 (which included £583,510 for excess profits duty) and assets of £862,630. The amount of excess profit duty was being disputed by the company which had already paid £450,000 in duty. The meeting concluded that the best result would be to sell the business as a going concern.