MD says pressure from banks forced decision

Swedish boatbuilder Nimbus, a favourite of the serious
cruising fraternity, has filed for bankruptcy. Citing pressure from lenders as
well as the overall financial climate, Nimbus MD, Magnus Andersson, said “After
trying everything to find a solution to our challenging situation, this is a
sad moment. I think that we did everything within our power but, looking back,
I recognise that it was not enough.”


Responding to the news, Chris Harridge, MD of Offshore
Powerboats, the long-standing UK importer for Nimbus, said that, although the
announcement came at a bad time, there were reasons to be optimistic. He
told MBM “Both Nimbus and Paragon are
among the industry’s most recognisable and strongest brands and have a loyal
following among those who know and use them. With these brand assets and an
established worldwide distribution network, the Nimbus Group makes an
attractive purchase option to a new investor who understands the marine leisure
market. Hopefully, we will hear news before the Southampton Boat Show but, in
the meantime, it’s “Keep Calm and Carry On” here at Offshore Powerboats.”




Notes:


Nimbus started life in 1977 as a family run business before
being sold to investors in 2006. The Nimbus Group includes the Ryds, Paragon
and Storebro brands.