Moonen bankrupt

https://www.tradeonlytoday.com/industry-news/moonen-this-bankruptcy-came-at-the-right-moment

While the bankruptcy is precipitated by the activities of Ancira, they have long been struggling and have fallen into the realm of builders that would end up with whomever wanted a boat built. Their volume has been very low for years and currently they have only one boat in construction. In an ideal world, someone stable and experienced would acquire them. Otherwise they may just continue to fade away. Ancira was never going to be a decent solution for them.

I share your hopes, Captholli. I once considered Moonen as a builder potential for our next build one day but had to dismiss them from that over their financial and ownership situation. The one boat under construction is speculative and I'm only aware of two boats delivered in the last 5 years. In my mind, I stopped considering them to even be an active builder. It will take a lot of money and a lot of effort to again make them a builder. At their peak, they were delivering 3 boats a year. Then it dropped to one or two and now essentially one every three years or so. I'm not sure they're even needed now as they've been gone from the market for so long.

Dutch financial newspaper FD (Article might be behind a paywall, apologies for that) states that Moonen's Groot-Ammers facility is no longer operational

https://fd.nl/ondernemen/1308606/ja...s-door-brabantse-rechtbank-failliet-verklaard

Parhaps Zeelander yachts will be using it to expand their operation?

Potential buyers can take a look at Hakvoort, Mulder, or Wim van der Valk for example. So the competition in the market that Moonen is / was after even in Holland is strong. Not mentioning other European or non-European yards
Any "investor" might make a return on his money but that will take many years I'm afraid. If there's no global recession or similar in the next three years....

(In 2015 Moonen was granted suspension of payments, same as several weeks ago)

I do not read all reviews in magazines and such, but I think finding a negative review might be near impossible: if a yacht yard advertises in certain magazines, it will be very difficult for such publications to say something negative about one of those products?

Moonen, as such, doesn't even exist in the market and they're clearly not needed if they've been building a boat every two or three years. That's the real problem. It's not taking over an active builder. Is the name of value? I'm not sure. There may be a little positive value but likely some negative too based on recent history and people wondering about their condition. I think it would take an existing successful builder taking over to salvage it. Someone new would need several years to build a brand and a lot of speculative builds in the process. Any builder who hasn't been successful the last few years in a strong market is really doubtful for the future.

I would personally value the company at the depreciated value of it's physical assets. No goodwill. No customer lists. At best, it's an asset purchase.

I agree. According to local media Moonen had 39 employees. If someone decides to buy the company, it better be fast. When experienced craftsmen find other jobs, it will be extra difficult to restart the yard
And: for a restarted company, operating in Holland probably will be too expensive to compete on price. So a potential yacht buyer will have to start a several years long build period with a financially unstable yard. Might be quite risky for the yacht buyer
Hopefully there will be good news for their workforce soon

The one currently in build is the second of the Martinique model. Brigadoon was the first. 36 meters and was projected for Spring 2000. I doubt seriously that it has made it to Moonen yet.

Amazing how little capital and how few assets some yacht builders have as well as how few employees. Calling them yacht builders is stretching the definition.

Or a finisher. But something important to know before one contracts for a boat. You get shown photos of beautiful yards and buildings but find out they own none of it.

This is what we reported not long ago ; https://www.yachtforums.com/threads/moonen-36-00m-yn199-sistership-brigadoon-2020.31525/

I see.....you reported hull but on the 25th of June, not yet mated. Then these things get tied up in bankruptcy and sit.