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General => General Discussion => Topic started by: wilson79 on January 10, 2018, 09:48:12 AM

Title: Kimberly Kampers in Voluntry Administration
Post by: wilson79 on January 10, 2018, 09:48:12 AM
Sad news...

https://www.timetoroam.com.au/kimberley-kampers-voluntary-administration/ (https://www.timetoroam.com.au/kimberley-kampers-voluntary-administration/)
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: tryagain on January 10, 2018, 10:27:58 AM
Sad news...

https://www.timetoroam.com.au/kimberley-kampers-voluntary-administration/ (https://www.timetoroam.com.au/kimberley-kampers-voluntary-administration/)

It has been discussed elsewhere here but couldn't find it with a quick search. Seems just to be an unusual way of dealing with a divorce and the division of assets that brings about.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: trinityalyce on January 10, 2018, 12:10:45 PM
http://www.myswag.org/index.php?topic=53711.msg931099#msg931099 (http://www.myswag.org/index.php?topic=53711.msg931099#msg931099)
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: gronk on January 10, 2018, 12:40:05 PM
As Bruce Loxton said in that article, a highly unusual way to deal with it, but it gets it over with in a short period of time.

In other words, pay the ex, restructure and get on with it.  But I'd say it will hurt sales in the short term.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: tryagain on January 10, 2018, 12:54:12 PM
In other words, pay the ex,

The suspicious part of me thinks this is to avoid doing that.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: gronk on January 10, 2018, 01:29:13 PM
The suspicious part of me thinks this is to avoid doing that.

Or more to the point.....pay her the least amount possible.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Andosan on January 10, 2018, 01:57:18 PM
The odd thing is - why make any announcement at all if they are continuing to trade?  It only creates uncertainty where there wasn’t any to begin with.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: wakychapmans on January 10, 2018, 03:47:14 PM
The odd thing is - why make any announcement at all if they are continuing to trade?  It only creates uncertainty where there wasn’t any to begin with.
Because if they did it on the quiet... and then the fact that they were doing it became public knowledge...

It would look *really* suspect and no amount of explaining would put the public at ease.

At least this way... they have some control of the release of information




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Title: Re: Kimberly Kampers in Voluntry Administration
Post by: rossm on January 10, 2018, 04:18:41 PM
The odd thing is - why make any announcement at all if they are continuing to trade?  It only creates uncertainty where there wasn’t any to begin with.

It would be a legal requirement.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: wakychapmans on January 10, 2018, 05:00:35 PM
It would be a legal requirement.
There is that yes...


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Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Andosan on January 10, 2018, 05:33:39 PM
It would be a legal requirement.

Only if they are a listed company.  Pretty sure private companies don't have to make public announcements.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: rossm on January 10, 2018, 06:07:26 PM
Only if they are a listed company.  Pretty sure private companies don't have to make public announcements.


found this

The company comes under the authority of an Administrator immediately upon his or her appointment. Upon appointment, the Administrator is obliged to lodge a notice of appointment with ASIC in order to provide notification that the company is under external administration. The Administrator must also publish a notice of appointment in a newspaper. Once an Administrator is appointed, the company name must be followed by the descriptor "(Administrator Appointed)".

on this website

http://www.mondaq.com/australia/x/79816/Insolvency+Bankruptcy/An+Introduction+To+Insolvency+Law+Part+One (http://www.mondaq.com/australia/x/79816/Insolvency+Bankruptcy/An+Introduction+To+Insolvency+Law+Part+One)
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Andosan on January 10, 2018, 08:07:00 PM
Ok so it seems I was wrong about the public notices.  When a company goes into voluntary administration they have to notify as many creditors as possible in writing and publish a notice, as a minimum on the ASIC public notices website.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Nomad on January 11, 2018, 07:18:57 AM
Seems a clever move.
By going into administration the company almost has a zero goodwill value. If he is trying to get his Mrs of the books then its a cheap way to do it.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: gronk on January 11, 2018, 08:01:50 AM
Seems a clever move.
By going into administration the company almost has a zero goodwill value. If he is trying to get his Mrs of the books then its a cheap way to do it.

He is a wealthy man......or was.. ;D........so he would have a smart lawyer working on it.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: gordo350 on January 11, 2018, 11:03:08 AM
If one creditor or one employee loses out because of  this then he is a ****. Fullstop
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Julian Kaye on January 11, 2018, 01:54:44 PM

  Companies going into administration does not necessarily mean financial collapse. Directors have a legal obligation that they not trade while technically insolvent or if the directors (as it appears in this case) have unresolved issues regarding the administration or financial direction of the company. It's not a good look and there will be a lot of nervous customers and creditors. They are probably big enough and successful enough to overcome this in the long run but its gotta hurt them in the short to medium term.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Andosan on January 11, 2018, 03:32:30 PM
One possible scenario is this:

As a result of a marriage separation, one of the parties, who is a shareholder in the business, wants to exit the business and retain their shareholding as cash to settle the financial separation.  There may be not enough cash in the business to do that without becoming insolvent, so you go into voluntary administration, rearrange the ownership structure of the company, and organise some debt (or find another shareholder) to pay out the cash equity to the departing shareholder.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Bird on January 11, 2018, 03:37:50 PM
Didn't we go through all this in the last thread?
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Wortho on September 16, 2018, 01:11:18 PM
Back again by the sounds of it  :D  https://www.timetoroam.com.au/kimberley-kampers-resurected/ (https://www.timetoroam.com.au/kimberley-kampers-resurected/)
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: gronk on September 16, 2018, 01:56:58 PM
Good to see it happen, although the brand will have taken a massive hit, so getting the buyers back will be a big task !
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Wortho on September 16, 2018, 04:56:36 PM
The staff have now had more comebacks than Johhny Farnham  ;D
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: GeoffA on September 16, 2018, 05:02:44 PM
Back again by the sounds of it  :D  https://www.timetoroam.com.au/kimberley-kampers-resurected/ (https://www.timetoroam.com.au/kimberley-kampers-resurected/)

...all seemed rosy, until I read the comments section.

Hope it works out for them.

 :cheers:
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Pottsy on September 16, 2018, 05:59:47 PM
...all seemed rosy, until I read the comments section.

Hope it works out for them.

 :cheers:

X2
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: BaseCamp on September 16, 2018, 06:51:01 PM
x3
I see a bad moon arising...

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Title: Re: Kimberly Kampers in Voluntry Administration
Post by: KingBilly on September 25, 2018, 12:39:30 PM
An update posted on the above link:

UPDATE –

I have spoken with Grant Clark, who’s confirmed that he is the man behind Kimberley’s rise from the ashes and expects to make a more formal announcement on Monday. During our conversation Grant confirmed that he is committed to keeping Kimberley Kampers manufacturing in Australia and at Ballina. He said he’s been in talks with staff over the last few weeks and expects to rehire from the pool of former employees. He said that he would be issuing contracts of employment next Monday. He said of the factory staff, “The product is only as good as the people putting it together, and those guys have got a lot of experience.”

Grant says that it makes sense to bring some components in from overseas, but said he wouldn’t even have looked at Kimberley if he didn’t think it would be possible to keep it in Australia. He also said that as he has other manufacturing plants, he might break up manufacturing to different places in Australia, but says the finished product will come from Ballina.

As for product, it’s expected that the resurrected Kimberley will focus on its core products – the Kampers and Eco Suite – and will bring back some products that were recently axed. But Grant said he will put production of the Kruiser on hold to continue its development.

Grant told me he is also very keen to get back into manufacturing the Kimberley products as soon as possible. We are very confident the product will be coming back out the front doors at Ballina very quickly, some time in the next couple of months,” he said.

Note: An earlier version of this story said Kimberley Kampers went into voluntary administration followed by the resignation of a director, however it’s unclear when the director resigned and for what reason. At the time we were told the VA was to fast track family legal issues following a divorce, although the former director has since denied that was the case.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: wakychapmans on September 25, 2018, 01:22:51 PM
more updated...

There were rumblings over the weekend that the deal with Grant was falling apart. Mainly due to some issues with the Kimberly IP having been split off from the company into their own separate entity and now residing in Singapore... but apparently there was still some slither of hope that all parties could work it out...

Not so anymore. Dead and buried...

Title: Re: Kimberly Kampers in Voluntry Administration
Post by: edz on September 25, 2018, 04:27:41 PM
 ;D
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: KingBilly on September 25, 2018, 04:42:12 PM
more updated...

There were rumblings over the weekend that the deal with Grant was falling apart. Mainly due to some issues with the Kimberly IP having been split off from the company into their own separate entity and now residing in Singapore... but apparently there was still some slither of hope that all parties could work it out...

Not so anymore. Dead and buried...

Well, that is disappointing.  Thanks for the update.

KB
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: wilson79 on September 29, 2018, 07:50:33 PM
Some half built trailers and other gear just went up on greys online auction
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: tryagain on September 29, 2018, 07:56:59 PM
Some half built trailers and other gear just went up on greys online auction


No actual listings yet by the looks of things http://www.graysonline.com/sale/7020999/manufacturing/kk3-work-in-progress-vans-caravan-camper-stock-and-more (http://www.graysonline.com/sale/7020999/manufacturing/kk3-work-in-progress-vans-caravan-camper-stock-and-more)
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: GeoffA on September 29, 2018, 09:23:02 PM
Some half built trailers and other gear just went up on greys online auction

Sounds like the Mirage debacle.....somebody will lose out....
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Cruiser 105Tvan on September 29, 2018, 10:19:07 PM
Looks like somebody bought the business, but not the debt or the problems.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: BaseCamp on September 30, 2018, 09:29:22 AM
I suppose those kamper bodies are orders people had paid deposits on to get their jobs started..

If correct, very sad...

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Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Wortho on January 12, 2019, 03:24:10 PM
Back again?  https://www.timetoroam.com.au/kimberley-kampers-resurrected-real-hopefully/?fbclid=IwAR03ffAqKyHJgxX-RLc0kkOnzfaEyXNOOyOd1ZCQiucMA9cvFItkLojDSss (https://www.timetoroam.com.au/kimberley-kampers-resurrected-real-hopefully/?fbclid=IwAR03ffAqKyHJgxX-RLc0kkOnzfaEyXNOOyOd1ZCQiucMA9cvFItkLojDSss)
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Bird on January 12, 2019, 04:08:19 PM
Back again?  https://www.timetoroam.com.au/kimberley-kampers-resurrected-real-hopefully/?fbclid=IwAR03ffAqKyHJgxX-RLc0kkOnzfaEyXNOOyOd1ZCQiucMA9cvFItkLojDSss (https://www.timetoroam.com.au/kimberley-kampers-resurrected-real-hopefully/?fbclid=IwAR03ffAqKyHJgxX-RLc0kkOnzfaEyXNOOyOd1ZCQiucMA9cvFItkLojDSss)
" For Real, Hopefully"

Doesnt sound too positive to me.... sounds like dot paintings...
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: McGirr on January 12, 2019, 06:26:25 PM
 ;D ;D
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Bird on January 12, 2019, 06:27:51 PM
;D ;D
:cup: :cup: :cup: :cup: love hawkin meme's LMAO :cup: :cup: :cup: :cup: :cup: :cup: :cup:
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: WilSurf on January 12, 2019, 06:49:59 PM
They are back.  All forums are active again.

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Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Rumpig on January 12, 2019, 10:45:47 PM
I hope it works out for James, he's a decent guy that really looked after us when we purchased our Kimberley from him 8 years ago, he and his team at SEQ Campers were a credit to the company with thier dealership and after sales service. Recently James told me he actually gave customers money back out of his own pocket when the company went belly up, even though one of the new directors told him not to worry about doing so, as he wasn't required to do it. Much to my surprise I ran into James literally on top of Ayres Rock back when we were there in July 2018.
Personally I think the company name has been tarnished big time with what's gone on, though the product is solid and we've had a great run the past 8 years with our trailer, so who knows what the future holds for them.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: gronk on January 13, 2019, 06:51:30 AM
I think the hardest part will be to get runs on the board before people feel comfortable dealing with the KK brand again.
But to get runs on the board requires people to buy the product. Gonna be a hard road ahead.
But they were one of the best campers made and hopefully they can rise from the dead !!
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: edz on January 13, 2019, 10:15:19 AM
Go with the Chinaman Principle " Make a little from a lot "  turnover and build trust in the brand  instead of the Westernman Principle " Make a lot from a little  go for the grope every time " ..
Entry level spec units and be Johnny on the spot with higher  quality build fit and finish / back up,  at comparable costs to whats available from lifestyle and the Alphabet mobs, to get  sales  and offer spec upgrades on request .
My untrained .2c thoughts on it.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Bird on January 13, 2019, 11:28:05 AM
Quote from: edz
Go with the Chinaman Principle " Make a little from a lot "  turnover and build trust in the brand  instead of the Westernman Principle " Make a lot from a little  go for the grope every time " ..
Entry level spec units and be Johnny on the spot with higher  quality build fit and finish / back up,  at comparable costs to whats available from lifestyle and the Alphabet mobs, to get  sales  and offer spec upgrades on request .
My untrained .2c thoughts on it.
I would have concerns leaving a reasonable deposit.. wouldnt be the first rebirth to fail... but for the same of the dudes who now have jobs again, hope it works out for them.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Rumpig on January 13, 2019, 04:16:33 PM
I would have concerns leaving a reasonable deposit.. wouldnt be the first rebirth to fail... but for the same of the dudes who now have jobs again, hope it works out for them.
did you read the part where I mentioned James previously giving deposit money back out of his own pocket?...whilst you can't guarantee it won't go under, i'd be sure he'd do his best to make it so customers aren't left out of pocket. He was just an agent that would have lost his own money also due to what others in HQ did, if not for being a decent bloke, he quite easily could have left his customers in the lurch and not been extra $$$ out of pocket.
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: Bird on January 14, 2019, 09:28:01 AM
Quote from: Rumpig
did you read the part where I mentioned James previously giving deposit money back out of his own pocket?...whilst you can't guarantee it won't go under, i'd be sure he'd do his best to make it so customers aren't left out of pocket. He was just an agent that would have lost his own money also due to what others in HQ did, if not for being a decent bloke, he quite easily could have left his customers in the lurch and not been extra $$$ out of pocket.

I don't know the bloke from a steak. Your probably 100% correct and many of em do go in with the right intentions and a great attitude.
As I said - I hope it works out for them and the employees, would be a great boost and good for current owners.

But theres been more than one time people have lost their packet with campers reported on the forum hasn't there?

I'm not a business person at all, but this is just how I envisage how a business would be
If people are leaving minimum deposit say a grand - this is going to strain cash flow on a starting business. If people leave $1000 deposit on a trailer that costs $20k to build that you sell for 50k+, plus bills and you have 10 customers at once and more lining up...
That's lot of coin + wages + insurance+ super+other bills + etc FWIW - I could never own a business, the stress would kill me in a week, I hate owing mates $50... Dunno how my mate Pete goes on with $70,000 to GE  :o :o :o :o :o :o

I guess my trust factor is 0 these days, just with any company.. travel, auto.. There is a new story every couple of days about people who have lost the lot and are last in line to get their $ back.. Just the modern awesome world we live in

Title: Re: Kimberly Kampers in Voluntry Administration
Post by: GBC on January 14, 2019, 10:05:11 AM
They end up heavy on the ball anyway so you'll never have to worry. Must be heaps of them stranded on fire trails all over the country........ NOT!  :-*
Title: Re: Kimberly Kampers in Voluntry Administration
Post by: #jonesy on January 14, 2019, 10:38:28 AM
I fully understand Bird's concern. I too would be reluctant to put a sizeable deposit ($1000+) down especially in the early stages of the business restart. 
It isn't about the quality of the product, or the owner's best intention, more the hard earned cash I'd be risking.