Failed luxury caravan manufacturer Zone RV will be liquidated as police investigate the company’s director over fraud claims.
The Sunshine Coast-based company fell into administration on December 1 owing creditors $42 million.
Almost 150 Zone RV customers have paid about $15 million in progress payments made for caravans that have not been constructed.
At a 3-hour virtual meeting on Thursday that included up to 100 customers, creditors voted to liquidate the company on the recommendation of administrator Cor Cordis.
However, Cor Cordis partner Rahul Goyal said he was optimistic a sale was imminent with a new buyer to “cherry pick” the company’s assets.
The caravans are locked behind a gate at Zone RV. (ABC Sunshine Coast: Josh Dye)
“We’re hoping to announce the sale later this week or early next week,” Mr Goyal said.
“We want to move quite quickly. As it’s been clearly noted, it’s expensive having us there.”
Cor Cordis partner Kate Conneely gave some hope to customers anxiously waiting to see whether a prospective buyer would honour existing orders.
“The sale may result in completion of additional caravans by a buyer,” she said.
“Liquidation of Zone RV does not affect any of the negotiations with respect to the sale of the business.”