Nobody at the DSC, a training and information organisation, would discuss the matter, but in a statement it said it was "immensely sad" about the decision.
GuideStar Data Services, a community interest company, is the commercial arm of GuideStar UK, a free website that holds data on charities.
The DSC acquired both organisations seven months ago. The terms of the deal were confidential.
The DSC established GuideStar Data Services as a wholly-owned subsidiary with its own board of directors. The DSC was the sole shareholder.
In a statement, the directors blamed "an extremely challenging economic environment, which meant that the business was unable to sustain itself in its current form".
Three employees transferred to the DSC, which said at the time it planned to recruit another two IT staff to develop the site and make it sustainable by selling data about charities.
The DSC said any questions about the future of the staff or any other implications of the deal should be directed to the administrator, Maidment Judd.
Nobody at the administrator was available for comment.