sydney-based Optus services provider Anderson IT has entered into voluntary liquidation with more than $500,000 owed to creditors.
The 10-year-old company, which ran an Optus Business Centre in North Sydney, appointed liquidator Graeme Beattie of Worrells, on 3 June facing more than $1.1 million in total financial liabilities.
Subsequent liquidation proceedings revealed the insolvent company owes Optus $123,333 and $48,500 to Vocus-owned telco M2 Commander.
Optus confirmed to ARN that it ended its partnership with Anderson IT on 31 May. Four days later, Anderson ceased trading altogether and initiated liquidation proceedings.
The company was incorporated in June 2009 by James Anderson as an IT consultancy and telco services provider in the retail and wholesale space. Anderson currently remains a director of the company alongside Enrico Antonio, both of whom have been contacted for comment by ARN.
According to the liquidators’ report, the company’s insolvency stemmed from a lack of capital, trading losses, a wider economic downturn plus legal actions.