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 are owed 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)
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