Highline Caravans collapses: Victorian-based company goes into liquidation
A caravan manufacturing company has gone bankrupt due to a million-dollar debt burden.
Victoria-based builder Highline Caravans Pty Ltd entered voluntary administration on Tuesday, owing $1.14 million to almost 60 creditors.
Highline Caravans owes $235,000 to the Australian Taxation Office and $766,000 to 58 creditors, including the Victorian State Revenue Office.
The company has built bespoke caravans from a factory in Campbellfield, 13km north of Melbourne, with customers able to choose from 13 different models.
Victoria-based builder Highline Caravans Pty Ltd entered voluntary administration this week, owing $1.14 million to almost 60 creditors (stock image)
Altan Djenab, from insolvency company Wild Apricot, has been appointed as curator.
He said the company could owe between $700,000 and $1 million.
“It looks like it has to do with a lack of orders, but I really need to go in and see what happened,” Djenab told police. Herald Sun.
Employees are not owed any money, as initial estimates value the company’s assets at just $10,000.
More to come.