Computer repairs provider Comserv has called in administrators following a winding up order from the Australian Taxation Office.
According to liquidator Peter Hillig from Smith Hancock, the Wollongong-based company racked up a combined $463,000 in debts, which includes $31,000 in employee claims and $186,000 owed to the ATO.
Hillig didn't go into detail as to why the company was unable to pay its debts, but said its annual turnover as of 30 June this year came in at $337,000 with $33,000 in profits.
Comserv terminated its three employees one week before it was wound up and ceased operations shortly before Smith Hancock was appointed on 5 June.
Other creditors listed include ANZ bank, who is seeking $157,000, landlord Ansol Pty Ltd seeking $13,000, along with Telstra and Veolia ANZ.
Comserv provided computer repair services to clients including payment service provider and Ingenico subsidiary Bambora as well as IT services provider AWA Technology Services.
The company’s website reveals it was an authorised service centre for HP and also had a branch in Canberra at one point.
Hillig pointed out the company’s “poorly kept” books and records and said Smith Hancock has yet to verify the accuracy of Comserv’s financial statements.
“My initial review of the company’s Xero records reveal some inconsistencies and the records are not properly kept,” Hillig’s report read.
“I have spent additional time liaising with the external accountant in regards to queries raised in relation of the company’s financial statements.”
CRN has reached out to Smith Hancock for further details into the liquidation and has attempted to contact Comserv IT director Daniel Fleuren for comment.