Zone RV enters voluntary administration as Cor Cordis begins urgent stabilisation effort

Zone Manufacturing Pty Ltd, the Coolum Beach based producer of high end off road caravans trading as Zone RV, has entered voluntary administration after a sharp deterioration in its financial position left the company unable to meet employee entitlements and customer commitments. Rahul Goyal, Catherine Margaret Conneely and Stephen Earel of Cor Cordis were appointed administrators on 1 December and have begun an immediate review of the business to determine whether a viable restructuring or sale pathway exists.

The collapse has placed roughly 250 workers in a precarious position heading into the year end period, with many learning of the administration when they arrived for their shifts. Customers have also been affected, including buyers who had paid in full for caravans awaiting handover and others who had travelled to Queensland for warranty work or delivery appointments. The administrators confirmed that trading will continue, although at a substantially reduced capacity, as they seek to preserve goodwill in the brand and maintain essential operations during the review period.

Zone RV grew into one of Queensland’s larger luxury caravan manufacturers, known for composite build techniques, lightweight off road designs and a strong domestic order book. However, rising input costs, operational disruptions and tightening customer payment cycles appear to have eroded liquidity in recent months, culminating in the decision to seek external administration. The depth of employee entitlements and the number of prepaid customer orders are expected to be central issues in the restructuring process.

Cor Cordis has stated that its initial focus is on stabilising the workforce and assessing the company’s financial architecture, including the status of work in progress, forward orders and outstanding warranty obligations. The firm will also evaluate strategic options such as a going concern sale, targeted recapitalisation or an orderly wind down if no viable alternative emerges. The first creditors’ meeting is scheduled for 10 December, where stakeholders will receive preliminary findings and elect a committee of inspection to oversee the next phase of the administration.