POPULAR CARAVAN MANUFACTURING COMPANY COLLAPSES
- Caravan company collapses owing up to $1million in debt
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A caravan manufacturing company has collapsed owing up to a million in debt.
Victoria-based builder Highline Caravans Pty Ltd went into voluntary liquidation on Tuesday owing $1.14million to almost 60 creditors.
Highline Caravans owes $235,000 to the Australian Taxation office and $766,000 to 58 creditors, including the Victorian State Revenue Office.
The company has built custom caravans from a factory in Campbellfield, 13km north of Melbourne, with customers able to choose from 13 different models.
Altan Djenab, from insolvency firm Wild Apricot, has been appointed as liquidator.
He said the business could owe between $700,000 and $1million.
'It seems it's down to a lack of orders but I've really got to get in and see what has happened,' Mr Djenab told the Herald Sun.
Employees are not owed any money with initial estimates valuing the company's assets at just $10,000, according to documents.
Other creditors owed include aluminum supplier Allytech Australia and caravan suppliers AZQwood and Samaria Australia.
More to come.
Read more 2024-05-09T02:04:48Z dg43tfdfdgfd
