A melbourne electrical company has folded into voluntary administration following a wind-up order from the Australian Tax Office.
Dandenong-based Impressive Electrical appointed Gess Rambaldi and Andrew Yeo of Pitcher Partners as administrators of the company on June 18.
The collapse comes after the ATO’s recent spate of wind-up orders saw the tax office issue 556 notices to businesses in May alone.
Impressive Electrical appeared before the Supreme Court of Victoria in April after the Deputy Commissioner of Taxation initiated action to wind up the company.
Rambaldi told SmartCompany this morning since his appointment, the ATO – the company’s major creditor – had adjourned its petition against Impressive Electrical until the finalisation of the voluntary administration.
He says the sole-director company had a 15-year history in electrical contracting, 14 employees and five contracts with apartment buildings and schools at the time of the appointment.
“We are not able to continue those contracts, so unfortunately we had to terminate those employees upon our appointment,” says Rambaldi.
Rambaldi says the wind-up order was undoubtedly a catalyst for his appointment but says there were a number of factors at play…
