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Old 11-08-2011, 06:24   #1
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Sad Day for Najad Yachts

Today the Swedish yacht Najad went bankrupty.

We will see what happens in the future with the boats...

Najad declared bankrupt | Sailing news | Yachting Monthly
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Old 11-08-2011, 06:40   #2
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Re: Sad day for Najad Yachts

I am afraid that with the trouble in the markets we can expect other developments like this in the next year. The weakest will fail in this environment.
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Old 24-08-2011, 12:53   #3
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Re: Sad day for Najad Yachts

What a shame, they are well built boats i can't believe and they are going to be on an opne days next week.
I wish good luck for them !
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Old 24-08-2011, 13:18   #4
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Re: Sad Day for Najad Yachts

I would not expect Najad to be the last, so I would keep an eye on other well-known boat builders for financial or sales trouble in the next year or so. In particular, this means a buyer needs to perform due diligence before laying out a deposit for a new boat.
Nor would I neglect some other categories for failure: well known charter companies, smaller equipment manufacturers, boat-builders specializing in one product (like sport boats), and perhaps a large marine retail chain or two.

Let's hope I am wrong, but the outlook does not look good for weak companies in a field where 90% of the consumer spending is optional.
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Old 24-08-2011, 13:20   #5
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Re: Sad Day for Najad Yachts

excellent boats, maybe even a bit too good, sadly... :/
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Old 24-08-2011, 14:07   #6
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Re: Sad Day for Najad Yachts

Quote:
The board made the decision at the time of the year when all orders have been delivered to customers so that Ďa minimal number' will suffer bankruptcy.

I hope that means all who have been building boats will get theirs.
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Old 24-08-2011, 14:49   #7
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Re: Sad Day for Najad Yachts

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I hope that means all who have been building boats will get theirs.
The press release says that they had delivered all boats ordered, and most suppliers had been paid; it was why they waited till now.

If that is the case, probably the most honorable bankruptcy I know of.
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Old 24-08-2011, 15:22   #8
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**** Happens.... live with it...
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Old 25-08-2011, 10:48   #9
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Re: Sad Day for Najad Yachts

Next weekend they will have Open days yards in Sweden , hope that they have new reservations for their survivall !
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Old 31-08-2011, 14:21   #10
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Re: Sad Day for Najad Yachts

Anyone is following the progress of this situation?
I talked with a NAJAD agent and seems that the problem is related with bank negotiations and neither with clients nor their suppliers.
All workers received their sallaries and still.
Seems that they change again their hull productions to Denmark as used to be before.
This week they are having the open yard, it would be nice to hear the results.
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Old 31-08-2011, 15:34   #11
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Re: Sad Day for Najad Yachts

It's not going to be the last... I fear worse financial days are ahead of us....

So glad I can tickle lobsters and spear fish...
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Old 31-08-2011, 18:53   #12
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Re: Sad Day for Najad Yachts

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It's not going to be the last... I fear worse financial days are ahead of us....

So glad I can tickle lobsters and spear fish...
It is not easy to everybody ...
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Old 17-09-2011, 14:23   #13
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Re: Sad Day for Najad Yachts

Any news about the progress of this situation?
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Old 15-10-2011, 04:09   #14
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Re: Sad Day for Najad Yachts

Good NEWS!
On their web page there is a new statement " The future for Najad is Secured ", they found new investors .
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Old 15-10-2011, 10:20   #15
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Re: Sad Day for Najad Yachts

I think that for companies like HR, Najad, etc.. it is a mistake to build boats like Bavaria: many, cheaper and all look and designed the same.

Why people got Najad (or HR, e.g.) was because they were different - stronger, heavier, safer. They also looked different.

Off course back then Najad could sell say 10 boats a year.

I have seen a big, brand new Najad last year that after only a minor crossing had problems in the engine room and in the steering department. Is this what one expects from a good boat?

Sad news and a warning for other quality (anymore?) boatyards.

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