A caravan builder based in Melbourne has collapsed into liquidation with estimated debts of up to $1 million.
Highline Caravans Pty Ltd, located in the outer suburb of Campbellfield, went into voluntary liquidation this week according to a notice published on ASIC.
The company went bust potentially owing between $700,000 and $1 million.
Early reports have estimated at least 50 other businesses are owed money.
Altan Djenab, a corporate insolvency expert from Wild Apricot, has been appointed liquidator.
He said the business may have been dealing with a reduced amount of orders.
“It seems it’s down to a lack of orders,” he told the Herald Sun.
“But I’ve really got to get in and see what has happened.”
It is understood staff are…
