As the yard – 50 kilometres north of Gothenburg – ran into financial difficulty it had been visited by officials armed with seizure notices to place upon unpaid for equipment.
A leading industry source told YM: “It’s bad news for the whole industry, but many were puzzled by Najad’s behavior – they were attending Boat Shows right up until the last minute and everyone was asking how could they afford it? If they were going to re-structure then they should have started that back in the autumn because by doing it now – if indeed that’s the plan – will mean it will take six months and that will miss them a whole season.”
At least one UK customer has a yacht in build at the yard, but under Swedish law the yacht must be finished and offered to the customer.
A spokeswoman for the Nord West board confirmed to YM that the yard had gone bankrupt yesterday.
Courtesy of www.yachtingmonthly.com