Liquidator appointed to Queensland firm The Motorhome Conversion Company
A Slacks Creek-based motorhome business has called in liquidators but there may be a silverlining with a possible buyer for the company.
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LIQUIDATORS have been appointed to a Queensland motorhome company, which owes an estimated $1 million, in the latest sign of trouble for the road touring sector.
Nick Combis, of Vincents, was today appointed liquidator of Slacks Creek-based The Motorhome Conversion Company.
Founded in August, 2005 by managing director John Jeffreys, the company originally sold completed motorhomes that were directly imported from Japan.
Mr Jeffreys, who later decided to import empty buses and design and build the interiors, said the business took a turn for the worse when it was subject to an industry-wide recall of vehicles to check gas systems.
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“We had to recall hundreds of vehicles which really cost us,” he said. He said the recreational vehicle industry also had slowed with retirees generally having less money to spend.
He said it was not all bad news with a potential buyer interested in acquring the company. He stressed all his clients would be looked after.
“I was here for the good times and I want to look after my customers in the bad times,” said Mr Jeffreys. Most of the debt is owned a bank.
Starting with two staff members, Motorhome Conversion Company grew to include two factory locations and and undercover showroom.
The liquidation is the latest bad news for the Queensland recreation vehicle industry.
In March, Burpengary-based Brisbane RVs, one of Queensland’s biggest recreational vehicle dealers, called in administration owing an estimated $4 million.
The previous month Aussie Adventure Caravans Group, which operates in Queensland, New South Wales, Victoria and Western Australia, went into voluntary administration.