A report into a Coolum-based caravan manufacturer that went into administration late last year has revealed the company may have been insolvent since as early as August 2023.
The administrators of Zone RV have released their report to creditors ahead of a meeting on Thursday, when a vote on the future direction of the company will be held.
Zone RV Holdings Pty Ltd and Zone Manufacturing Pty Ltd entered voluntary administration on December 1 following what restructuring advisory firm Cor Cordis called “sustained cash flow challenges and operational pressures”.
Administrators Kate Conneely, Rahul Goyal and Stephen Earel have recommended that creditors vote to wind up Zone RV so they can continue their investigations.
It was revealed…