Adelaide-based business consulting and IT provider, Intec Group has gone into voluntary administration after more than 20 years in business.
Tim Mableson and Martin Lewis of Ferrier Hodgson were appointed as voluntary administrators on September 28.
Mableson said one of the factors that led towards voluntary administration was the inability to restructure the business due to long serving staff that made it too expensive for them to reduce their overheads through staff redundancies.
The company is continuing to trade although the administrators may undertake some restructuring of the company’s operations while its business and assets are up for sale such as reassigning its multi-year multi-state government ICT software support and maintenance contracts; reassigning its ICT contractor and consulting arrangements and its GemLab workshop, which comprises business innovation collaboration software and techniques.
Mableson said it has extended the sale period until October 16 due to the high amount of inquiries made about the business.
Intec Group was established in 1995 and has history of working with large corporations and government agencies. On its website, the company said in recent years, it has invested heavily in enhancing its skills and expertise in business consulting and IT.
Some of its customers include agencies within Government of South Australia, BHP Billiton and ACH Group.Read More: