Liquidation begins for Zone RV as investigations intensify

Zone Manufacturing Pty Ltd, the Sunshine Coast luxury caravan maker trading as Zone RV, has been placed into liquidation after creditors voted to wind up the business at the conclusion of its voluntary administration, capping a rapid collapse that has left employees, customers, and lenders facing significant losses.

The decision followed a virtual creditors’ meeting at which the administrators recommended liquidation after concluding there was no viable pathway to restructure the company or return it to solvency. Partners Rahul Goyal and Catherine Conneely of Cor Cordis, who had been appointed administrators on 1 December 2025, were subsequently confirmed as liquidators.

Zone RV entered administration owing approximately $42 million, with liabilities spanning secured lenders, employees, and a large cohort of customers who had made progress payments for caravans that were never completed. The administrators previously disclosed that close to 150 customers had collectively paid around $15 million toward unfinished vehicles, placing consumer claims at the centre of the winding up.

In recommending liquidation, Cor Cordis told creditors that continued trading was no longer sustainable and that an orderly wind down, combined with a targeted asset sale, offered the best prospect of recoveries. While a going concern sale was explored during the administration, a transaction is now expected to involve a buyer selectively acquiring assets rather than the whole of the business.

The liquidation also sharpens the focus on the conduct of the company’s former management. Cor Cordis has reported that Zone RV was likely trading while insolvent from at least September 2024, and possibly earlier, with preliminary investigations identifying potential insolvent trading claims of up to $21 million against the company’s sole director, David Biggar. The liquidators have flagged that further steps may include public examinations and recovery proceedings on behalf of creditors.

Regulatory and law enforcement scrutiny has intensified alongside the insolvency process. The liquidators have lodged a report with ASIC raising concerns about compliance with the Corporations Act, while Queensland Police have confirmed they are assessing a fraud complaint connected to the company’s collapse.