TANGO FALLOUT
The report shows that Tango owed 70 unsecured creditors , most of whom were customers , a total of $ 3,283,688 , on top of about $ 50,000 in wages , superannuation and annual leave .
Despite deposits or full amounts being paid , the report indicates that in a number of cases , the manufacturers appointed by Tango to build caravans for customers on its behalf had not received any payments required to begin or finish manufacturing the vans .
Further , Pitcher Partners has indicated a belief that the company was not solvent as of March 31 2023 , and that the company engaged in unfair preference payments ( payments that favour one creditor over another ).
However , as we have reported in the previous two issues of GoRV , and as you ’ ll read on the following pages , there have been devastating real-world consequences to this clear financial mismanagement . I urge you to read these stories .
How will this situation affect the wider caravan industry ? That remains to be seen . However , the purpose of publishing these stories is not to deter members of the public from buying the caravan of their dreams . The vast majority of Australian caravan manufacturers are reputable . However , if we sweep this situation under the rug , if we pretend it didn ’ t happen , the industry will be worse off in the long run . Further , at the very least , those affected the most – the Tango victims – deserve to have their stories told .
– Max Taylor
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