The Adelaide-based Graedi Group, which publishes in-business magazine, is in administration.

Administrators KordaMentha are seeking a buyer for the group, which has published in-business magazine since 2001.

The magazine, founded by publisher Graham Wakeling, has had some influence in the Adelaide business community, naming South Australia’s Top 100 companies in The Cream and the state’s fastest-growing businesses in Fast Movers.

Graedi Group also developed the South Australian business network GOLDNetwork and the student entrepreneurial brand 1625.

Registrations to buy the company’s businesses close next Wednesday.

InDaily has contacted KordaMentha and Graedi Group for comment.

– InDaily staff writers