The Go2 People Ltd. (GO2:ASX), a Perth, Australia-based provider of recruitment and training services, reported revenue from ordinary activities fell by 71.6% to AUD 20.88 million (USD 13.73 million) for the year ended 30 June 2023.

The company and its subsidiaries entered Voluntary Administration on 1 May 2023, and all cash was seized by the administrator. As of 30 June 2023, the company did not control any cash, and all its liabilities were also under control of the administrator.

In its preliminary final report for the year ended 30 June 2023 published today, the group reported a loss from ordinary activities after tax attributable to the owners of The Go2 People Ltd of AUD 13.44 million (USD 8.83 million), an increase of 146.4% from the year prior.