Next step
Search the ASIC published notices and the ASIC company extract for ACN 621 498 771 to confirm the appointment and the administrator's contact details. Then ask the administrator whether the client contracts, partner accounts and brand are for sale.
Risks
- No evidence of an administration or asset sale for this company
- Client contracts may not transfer, and partner or reseller accounts (Microsoft, Acronis) may not be assignable
- Security incidents carry liability for client data
- Client count and revenue are unknown
- Local on-site expectations clash with a part-time remote model
Unknowns
- Whether Bay IT is actually in administration, and who the administrator is
- Client count, contract terms and prices
- Whether the business is still trading
- Who holds client admin credentials and partner accounts
- Whether the assets are for sale