Next step
Check the ASIC published notices for ACN 622220919 and HM Advisory's current appointments page for any sale notice. If one exists, ask the administrator which assets are for sale, and whether there is a client list and how many clients are on active retainers. Given the weak fit, deprioritise it unless there is a cheap client list.
Risks
- There is no software, so this is not a software business.
- The clients are not locked in and may have left during the administration.
- Delivery depends on the founder's creative skills and client relationships.
- Contracts and accounts may not transfer.
- Social accounts are controlled by the clients.
Unknowns
- The number of clients and whether they still pay.
- The actual administration status and any sale process, since no ASIC or administrator notice was found.
- The contract terms.
- Which assets are for sale.
- Whether the 'docs' and 'self_serve' signals from the first screen mean anything beyond the marketing website.