Email marketing agency folds with debts of $2m and just $97 in the bank
April 19, 2021 10:00
Email marketing agency Raedium Digital has ceased trading with the company owing creditors and staff more than $2 million, Mumbrella has learned.
Liquidators are investigating the failure of the Melbourne-based operation, with some creditors understood to have been chasing outstanding invoices for months.
According to documents seen by Mumbrella, agency creditors include Mindshare Melbourne, which is owed $27,000, performance marketing firm Voban Digital, which is $22,533 out of pocket, UK-based One Click Wonder which is owed $62,500 and online marketing firm Permission Corp which has unpaid invoices totalling $31,368.
Liquidator PKF Melbourne listed upwards of 50 creditors, the largest of which is the Australian Tax Office which is chasing half a million dollars from Raedium.