Tango Caravans collapses, leaves paying customers in the dark
The downturn hitting Victoria’s caravan industry is gathering pace with another Melbourne manufacturer going bust, leaving customers who have paid “substantial” deposits in the dark.
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Another Melbourne caravan maker has gone bust and customers who have paid deposits are being warned they are unlikely to get them back.
The downturn hitting the state’s caravan manufacturing sector has intensified with Tango Caravans collapsing into liquidation on Wednesday.
Tango, based in Somerton in Melbourne’s northern suburbs, made its own range of vans and also ran a dealership.
Andrew Yeo from corporate insolvency specialists Pitcher Partners has been appointed liquidator.
In a letter posted to Tango’s website, Mr Yeo said the company had collapsed with “significant” debts.
“We are aware that many clients have paid deposits (in some cases substantial) for the purchase of caravans,” he said.
“The liquidators are not in a position to refund deposits.
“The ability for the company to pay any divided to creditors (including customers who have paid a deposit) will need to be assessed as the liquidation progresses.”
Mr Yeo also noted there were no caravans at the Tango site.
“In the coming days or weeks we will analyse what orders have been placed by the company for the manufacture and supply of caravans,” he said.
“It may be possible that some caravans are presently being manufactured by external suppliers and a partial resolution may be achievable.
“From our initial enquiries … the debts of the company are significant, and are made up materially of outstanding deposits paid by customers.
“Other amounts are also outstanding to other creditors, including the Australian Taxation Office.”
Company records list Tango’s sole director as Sarah Horter.
Victoria is the nation’s caravan manufacturing capital but has been hit with a number of collapses.
Campbellfield-based manufacturer Highline Caravans collapsed in May.
An early liquidator report showed the businesses collapsed with no cash in the bank and just $10,000 in assets.
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