Ultimate Campers in Voluntary Administration

10 Oct 2018

Media release from Ultimate Campers regarding the company's appointment of an Administrator.

Ultimate Campers in Voluntary Administration

Off Road Camping Accessories Pty Limited t/a Ultimate Campers was placed into Voluntary Administration today (10 October 2018) with Tim Heesh of TPH Advisory being the Administrator.

The business has been placed into a 'stand still' position operationally to give it the best prospects of finding suitable investors for the business.

It is the primary focus of the Administrators to seek offers from suitable interested parties.

The Administrators have not as yet had an opportunity to investigate the complete financial position or what lead to the company’s financial distress however that will be part of the Voluntary Administration program moving forward and creditors will be informed as the time table unfolds.

The company is a well-established iconic and highly-awarded Australian manufacturer of off-road camper trailers operating from a small regional community in NSW. It has until recently employed 50 people and produced between 100 to 120 new camper trailers per annum. It is regarded as a top-end off road camper. The company has Facebook following of over 4,000 and 3,500 on Instagram.  The company’s website attracts more than 100,000 unique visitors per annum.

As with any Voluntary Administration there will be some financial loss for a variety of creditors and customers and the Voluntary Administration program with deal with all parties whilst trying to realise a best outcome for the business.

The dates for creditors meetings will be posted on the company's website in the coming days.

ENDS