Tuesday 2 June 2009

A sad tale of a Sweden Yachts purchase gone wrong

I found this link in the Sweden Yachts 36 facebook group.

To clarify: The bit in the yellow is not my story, just a reprint of someone else's experience found on the web.


Sweden Yachts corrupt bankruptcy
(Dit schrijven we even in het Engels opdat de internationale blog gemeenschap zou kunnen meelezen.)
Two years ago we ordered a new Sweden yachts 40 at the Hiswa in Ijmuiden. We paid 60% up front. It would be delivered 1 April. Last year September we visited the yard. There was not even the beginning of a boat. Sweden Yachts told us the hull was on its way. Which afterwards we discovered, was a lie.
23 March Sweden Yachts went bankrupt. No boat and money gone. No sign of owner Sven Enoch, alltough we were told he filled the fuel tank of his villa that morning and paid with Sweden Yachts money.
A Norwegian entrepreneur was willing to take over the company and we would still have a boat. But Sven Enoch had cut up the company in a way there is nothing left to buy. The lie about the hull didn’t help either.
It is a very sad thing for all Swedish Yacht builders.
If Swedish law allows this to happen, Najad, Malo and Rassy can follow mr. Enoch’s example. Don’t say it won’t happen. Two years ago Sweden Yachts was the most perfect brand in yacht history.

In the meanwhile we have bought a Sweden Yachts 42, nearly new, from Mr. Gunter Gielen and his wife Ann. It is such a beautiful boat. We thank them for keeping it so well, we can still go on with our plans. They made us very happy. We know it broke their heart to sell the ship. Anyway, someone somewhere should stop Sven Enoch from making more plans to put money of dreamers like us in his pocket without delivering a boat. Not just for us, but for all the hard working Swedes who put their heart into these wonderful yachts.


The comments also include the following:


Two years ago I order a Sweden yachts 42 and now I’m in the same situation: no boat and money gone !
What is really annoying is that at least since August 2008 they knew very well the boatyard was going worse and worse and that they would not be able to meet their commitments . In spite of that Mr. Sven Enoch and his sales staff didn’t tell anything to customers.
Well done !!


Clearly this is no kind of evidence, just the words of someone that has lost a lot of money. How very sad if it is as he states and is caused by corruption rather than honest financial difficulties.

What is equally sad is that if all of this is true, then we are unlikely to see any phoenix rising from the ashes... There will be no more Sweden Yachts ever again.

Sweden Yachts Corrupt Bancruptcy

8 comments:

  1. Thank you, the copy paste comes from our website.
    It is not about the money. In the meanwhile we have bought a beautiful SY 42, better than new. Best boat one can dream. What bothers me most that this Mr. Enoch whom I've never met, gets away with it. The Swedish press doesn't publish our letters. There is no sign that Swedish authorities are going after him. And worst of all, nobody can buy and re-start Sweden Yachts, because he kept the name and the designs (and they allow hilm to).
    If anyone has more information or help on how we can at least get this case public, our mail address is guillaume@duvalguillaume.com

    ps: the website here is from our previous yacht a Breehorn 37, which is now for sale.

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  2. Thanks for your comment. I thought it important to post your link here as I'm getting a lot of Sweden Yachts related hits and I thought people would like to know. By incredible coincidence another poster on this Blog was considering a Breehorn and a Sweden yachts 340. I wonder which they chose.

    Do you have any pictures of your SY42? I'd love to see some.

    Cheers
    Geoff

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  3. This is wonderful posting. Thank you.


    Bathmate

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  4. After reading the story and comments about the Sweden Yachts bankruptcy, I am not quite sure what the issue or what the problem is. Anytime one pays for a product and waits for delivery, there is always a risk the company goes bankrupt before delivery. Boats are no different. I bought a boat from Sweden Yachts a decade ago and paid a bank in Sweden to guarantee my payments. i.e. I would get my money back if the company went bankrupt. I believe this is standard procedure to limit risk. Nonetheless, I am sorry people lost money. Personally, regardless of the fine boats they built, their customer service was the pits so I, for one, won' t miss the company.

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  8. To anyone who it may concern: it seems that Sweden Yachts has resumed its production now, at least according to their web-site. I wonder if they have paid all their debts...

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