Matthew Davey. PHOTO: ODT FILES
The company behind Ticket Rocket that is now in liquidation has debts of more than $8 million, according to the first receivers report into the business.
BDO receiver and manager Diana Matchett reported Fortress Information Systems Limited which has three subsidiaries known as Dash Group, Dash Tickets and Dash Tickets Australia had just under $3 million in assets.
But, that figure does not include the value of many of the companys assets, which were omitted from the report because the receiver was concerned they would inhibit their ability to sell them.
Those assets include debts owed to Ticket Rocket, property and equipment, intangible assets (such as brand value or trademarks) and other investments….
Read the full article at: https://www.odt.co.nz/star-news/star-business/receivers-ignored-ticket-rocket-director
