Administrators for collapsed luxury caravan manufacturer Zone RV are threatening litigation against the company’s director, accusing him of running the business while it was insolvent.
The Sunshine Coast-based company plunged into administration on December 1, owing $42 million to hundreds of creditors, including nearly 200 customers.
A report to creditors released on Thursday night has revealed Zone RV was in financial trouble long before it entered administration.
Zone RV was “likely” trading insolvent since September 2024, but “may have been insolvent” as early as August 2023, according to administrators Cor Cordis.
Cor Cordis is planning to lodge a report with ASIC, alleging Zone RV’s sole director David Biggar breached the…