Administrators for a collapsed Queensland caravan manufacturer that owes $9 million have written to ASIC about the company’s conduct before it shut down last week.
Australian Off Road (AOR) went into administration on September 15 after the 26-year-old company suddenly shut its doors the week before.
Today, administrators DVT McLeods revealed the extent of the Sunshine Coast company’s financial woes during the first creditors meeting.
Nearly 50 customers face losing $2.25 million in progress payments for unfinished and unbuilt caravans.
About 70 employees are short $2.16 million in unpaid wages, superannuation and leave entitlements.
The Australian Tax Office is owed at least $2.72 million, and suppliers are $1.6 million in the red.
But the…