A major Australian caravan maker has collapsed into administration, the third such business to run into dire financial troubles in the space of just two months.
The proudly Australian-made and owned, and Victorian-based, Essential Caravans fell into administration last week, according to documents lodged with financial watchdog ASIC, potentially putting hundreds of jobs at risk.
An SUV towing a caravan made by Essential Caravans. Essential Caravans
Paul A. Allen and Glenn J. Franklin of PKF Melbourne were appointed as administrators on October 21.
A statement issued by them said the company is still aiming to meet all existing customer orders.
“The administrators and management team are conducting an immediate review of all current…