It's a point but a very minor one. The reality is that with the exception of the Nottingham Raleigh plant of old (and probably a few in China and India) nobody actually made bicycles. Raleigh started with raw material, and made tubing, brazed frames, then made the hubs, rims brakes, seatposts, handlebars, stems, etc that were assembled onto them to make a bicycle.

In modern times, all a manufacturer makes is a frame, which is assembled of tubing and lugs (if any) bought outside, then they assemble bought components onto it. So the question is, where do we draw the line?

I understand the wish to draw a distinction between those who make stuff and those who have it made, but it's not all that easy.

Those interested in this debate can look up Bruce Gordon's organization SOPWAMTOS (Society of People Who Actually Make Their Own ****) for some fun and interesting reading.

BTW - keep in mind that even some of the builders who show at the handbuilt show buy, rather than build forks, and many (if not most) have their handbuilt creations painted by outside vendors.