Next step
Check the ASIC notices for the winding-up hearing and any liquidator appointment. Then ask the liquidator whether the customer contracts or accounts are for sale and whether the carriers will consent to a transfer. Otherwise pass on this company.
Risks
- The company is subject to a tax-office winding-up application and may owe the ATO
- Carrier and reseller contracts probably cannot be assigned
- Customers may leave if the company stops trading
- On-site and hardware obligations
- No owned IP
Unknowns
- Client counts, prices and contract terms
- Whether a liquidator has been appointed
- Who owns the customer accounts and carrier agreements
- What the live login is for
- Whether it still trades