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23 Sep 2024 16:25
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  •   Home > News > Business

    Report into company selling space camp trips to NASA reveals around $19 million debt

    A report into the company selling space camp trips to Nasa has revealed around 19-million-dollars debt, and a director who transferred assets out of his hands shortly before the collapse


    The report into Actura Australia, parent company of Actura New Zealand, shows the background to a business failure that left around 400 New Zealand families up to 13-thousand-dollars each out of pocket.

    The first liquidation report for the parent company alleges it had been insolvent since 2020.

    It found the company suffered from high spending even through there wasn't enough money to pay debts and operate and poor strategic management.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     23 Sep: New Zealand exported a record 3.1 billion dollars of kiwifruit in the year to August, a 20 percent lift on the previous season
     23 Sep: Australia's consumer watchdog has launched legal action against the Australian arm of Woolworths, and its main rival Coles
     23 Sep: Fletcher Building has gone into a trading halt, announcing it wants to raise 700 million dollars
     22 Sep: Calls for a stronger mandate around desexing and microchipping cats
     22 Sep: Belief change is needed to deliver stronger and more consistent sheepmeat returns
     21 Sep: Macau, the casino capital of the world, wants to bet on a different economic future before it goes bust
     21 Sep: Consumer confidence is up - although still historically low
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    BUSINESS BUSINESS
    New Zealand exported a record 3.1 billion dollars of kiwifruit in the year to August, a 20 percent lift on the previous season More...



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    Business:
    New Zealand exported a record 3.1 billion dollars of kiwifruit in the year to August, a 20 percent lift on the previous season 15:27

    Business:
    Australia's consumer watchdog has launched legal action against the Australian arm of Woolworths, and its main rival Coles 15:17

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    Living & Travel:
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