Essential Caravans collapses into administration
The Victorian caravan maker entered administration on October 21, putting more than 200 jobs at risk.
Essential Caravans is a 35-year-old Australian-owned manufacturer based in Pakenham, Victoria. The company fell into administration last week.
The company had more than 200 staff and built over 5,000 caravans since 2015. Administrators appointed on October 21 are reviewing all customer orders.
They want to reduce disruption to buyers. Essential Caravans is the third caravan company to collapse in just two months.
Maverick Campers liquidated on October 2 after listing over $6 million in liabilities. Australian Off Road entered administration in September after 26 years.
Rising interest rates have put pressure on caravan makers. Cautious consumer spending has done the same.
These makers have large capital tied up in stock.
- more than 35 years ago
- Founded
- more than 200 people
- Staff
- more than 5,000 caravans
- Built since 2015
- October 21
- Administered
Why it mattersHundreds of jobs are at risk. Customers with outstanding orders may face delays or cancellations.
AustraliaThe collapse affects over 200 Australian workers and leaves customers uncertain about their caravan orders.
✓ Claims checked against the source and corrected before publish. checked 1 h ago
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