The manufacturer of some of Australia's finest motorhomes has shut its factory doors.
In a notice posted on social media, Yatala, Queensland-based Paradise Motor Homes said it had appointed Barry Wight and Jason Tang of Cor Cordis as voluntary administrators.
"The administrators are undertaking an urgent review of the business, with a view of finding new investors for the business," Paradise said on October 15.
"An initial notice to creditors will be circulated today. At this preliminary stage, customers who have paid a deposit towards an RV will be treated as a creditor in this administration process. The administrators will be assessing each customer project and will contact them shortly in due course to discuss the status of same."
An initial meeting of creditors has been scheduled for October 24.
The news came as a shock to Paradise motorhome owners, with a number of people expressing their disappointment on social media.
"That’s dreadful news for everyone involved, especially for customers that not only will potentially lose substantial money, but also lose the dream of getting their new motorhome," one commenter said.
It's the second time in five years the top-end motorhome manufacturer has had to call in the administrators, after the business was kick-started in 2017 under new owners and management.
While still focussing on top-end motorhomes, Paradise recently tried to boost sales with the introduction of a range of upmarket touring caravans, along with new campervans and teardrop campers.
The 20-year old manufacturer celebrated the production of its 700th motorhome in 2020, and more recently was custom building a super-luxury wheelchair-friendly motorhome for a special needs family.