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A prominent Australian caravan manufacturer has entered voluntary administration, putting the future of hundreds of employees, customers, and suppliers in uncertainty.
Zone RV, a renowned producer of luxury off-road caravans, operates out of Coolum on Queensland’s Sunshine Coast.
Yesterday, the company appointed Cor Cordis, a restructuring firm, as administrators to attempt to rescue the business.
The firm has announced it is undertaking an “urgent review” of Zone RV’s financial and operational status.
The spokesperson emphasized that their main goal is to protect the interests of all stakeholders, which include around 250 employees, as well as customers and suppliers, as they explore strategic options for the company’s future.
Zone RV employs about 250 staff, who only received the news yesterday.
The business will continue trading in a “substantially reduced capacity”, the spokesperson said.
Administrator Rahul Goyal said all courses of action were being explored.
“Our immediate priority is to assess all viable options that maximise outcomes for all stakeholders while exploring avenues for a sustainable future for the brand,” he said.
Zone RV built a strong reputation with its off-road caravans among four-wheel drive enthusiasts.