Naim gear back in the CB & Olive days was extremely good and Naim prided themselves on the hand-built and hand-selected nature of their products. Where it all went a bit squiffy was with the rather aloof attitude of the company when the 5 series appeared. What happened was that the gear ended up being made by machine with chips and motherboards, and instead of owning up and arguing the changes, they tried to bullshit their public that nothing of the original philosophy had changed. Their heavy-handedness protecting this appearance manifested itself in stone-walling any discussion that was not in line with their bullshit route, and they lost respect - certainly from me, and from a great number of customers.
Their gear is very good, but it isn't the only stuff out there. Unfortunately it was the attitude of the company that polarised opinion, which was really unnecessary. They tried to bolster the aloofness with a ridiculous pricing policy, which made the polarisation of opinion even greater, to the degree that we are now in snake-oil territory.
Naim gear is great, especially the older stuff, but since the marketing men and accountants took over from the hifi enthusiasts, they are not what they once were, or what they now pretend to be. IMO, of course.
Julian Vereker, like Tom Fletcher, were hifi enthusiasts that eventually made a business out of their obsession. The current Naim company is just a hifi manufacturer.