Acecco Holding is also a 51% shareholder of Beautylife Electronics NZ, which has so far not been affected by the company’s receivership or subsidiary liquidations.
Keen and Jeffreys have identified a total of $7.14m in assets for the company, with the largest sum consisting of seven related-party debts amounting to $6.69m.
However, several of the entities in question are now in liquidation, and therefore any recoveries are unlikely.
The receivers did identify 12 “tiny homes” owned by Acecco, which were stored in Māngere and successfully sold at auction with net recoveries…