Boat manufacturers, Nimbus Boats out seeks bankruptcy protection

Tuesday, 03 July 2012
Nimbus Boats, the largest manufacturer of pleasure boats in Scandinavia which headquarter in Långedrag, Gothenburg has applied for bankruptcy protection and currently being taken over by the administrators.

The fate of 200 employees hangs in the balance and the Scandinavia's largest manufacturer of pleasure boats with about based in Mariestad, Gothenburg and Småland are affected by the cessation of operations.

Nimbus has decided to file for bankruptcy after last year, the company reported Skr144 million in losses in nine months. In the last three years, the company is reported to have lost about Skr400 million.

Many of the boats are exported, a market that collapsed completely in recent times with various market struggling with economic malaise.

“We are strong in the Nordic countries, but England and the Mediterranean has been important to us, and in which we well almost nothing today,” says Magnus Andersson, CEO of Nimbus Boats.

Much of the drop in the situation is due to the financial crisis raging at moment in the EU and global economy. Management is now hoping that someone else wants to take over the business, and reach new markets.

“I think that Russia and Asia are very exciting areas where I think that boating can take off. It would help the industry at large, not only in Sweden but for the entire boating industry.
The bankruptcy petition was submitted for the companies Nimbus Holding, which includes Nimbus Boats, Storebro Bruks, Ryd ship industry and Nimbus Production in Mariestad. It does not include Nimbus Stockholm / NIMAX Marina.
By Scancomark.se Team