Network integrator, TTH Professional Services, has closed its doors and gone into voluntary administration.
Harrison's Insolvency was appointed administrators for the Melbourne-based company on March 20. Administrator, Ching Wong, said it was now looking to sell off the assets and would consider advertising the company shell. It was currently discussing options with creditors.
TTH had about 25 external creditors, none of which were owed more than $24,000, Wong said. All staff, with the exception of the directors, had been paid. The company provided project analysis and planning, network monitoring and helpdesk services on Microsoft, Citrix and Cisco platforms.
Originally trading as PSI, the Melbourne operation was acquired by Queensland-based integrator, Ordyss (formerly Technology Trading House) in January last year. It had previously been owned by ACA Pacific. The merged company was overseen by new owner, Gabe Lavelle, along with his son, Keith.
At the time, Ordyss general manager, Michael Cooke, said PSI's network integration work would complement its systems integration expertise. Eight out of PSI's 12 staff accepted positions under the new management team.
Wong said the father and son fell out, resulting in a split between the two branches. The Queensland operation was subsequently rebranded Ordyss, while the Melbourne group retained the TTH masthead.
Due to ill-health, Gabe Lavelle was forced to close TTH in December. Ordyss is unaffected by the closure.
Former managing director of TTH, Andrew Roberts, refused to comment further on the company's demise.