Passengers looking forward to a cruise up the Western Australian coast have been left in limbo after the luxury cruise company went into administration.
The high-end cruise, which travels remote parts of the pristine Kimberley coastline, is still being advertised, however. Those with existing bookings say they have not been notified of the company’s insolvency.
Liquidation is the legal process by which a business is shut down. This often includes selling the business’s assert as a means to generate cash which will be used to pay creditors and shareholders.
Receivers were appointed to Kimberley Pearl Tours (KPT) in January after sole director Daniel Brown fell behind in repaying a loan he took out to help buy the business. Mr Brown took…