Australian Caravan Maker Maverick Campers Collapses Amid Debt Dispute
Maverick Campers, a popular Australian caravan manufacturer, has ceased operations following a breakdown in negotiations with its financier over a $500,000 debt.
Business & Markets • an hour ago
Maverick Campers, officially known as Fetch Business Solutions, has collapsed after its financier decided to repossess all company caravans. The decision came after negotiations regarding a $500,000 debt dispute failed earlier this week.
A liquidator was appointed for Fetch Business Solutions on Thursday. The company has been selling caravans across South Australia, Queensland, Victoria, and Western Australia.
Maverick Campers director Matthew Winen described the financier's decision to repossess the caravans as a "bombshell." He recounted the financier informing him they would be repossessing "every one of them" across Australia, a move that left the company "absolutely blown away."