Voluntary administration happens when a company is unable to pay its debts and an external administer is appointed to determine whether the company should go into liquidation or can be returned to its directors.
4D entered voluntary administration at the end of April, but remained hopeful in a message on its website, noting that it was “looking forward to a rebuild and rebrand following the administration period.” The company was hiring four months ago, according to a post on LinkedIn.
The company was unable to pay back its debts, including a reported $3 million in taxes owed to the Australian Taxation Office (ATO), CRN said. According to accounting firm RSM Bird Cameron, who 4D appointed as administrators, the ATO has been has increasingly been winding up companies and more aggressively pursuing debts as low as $100,000 this year.
Founded in 1993, 4D was most recently appointed to the federal government’s new Cloud Service Panel. It was also a supplier on the government’s Data Centre as a Service Multi-Use list, and was a member of Australia’s Defence Industry Security Program. 4D also had several designations with Microsoft as a Microsoft Gold data center partner, Microsoft Gold midmarket solution provider and a Microsoft silver hosting partner.
Caudle currently leads 4Data, a company that operates out of the same address and phone number to 4D and offers similar services, according to the report. The company was registered in 2009.
The WHIR has reached out to 4D for comment.