Acecco, the parent company of Yoyoso and Miniso stores in New Zealand, has had the extent of its debt revealed since being placed into receivership.

The receivers’ first report on the state of affairs of Acecco Holdings Limited was published this week, following the company’s fall into receivership on November 11.

Grant Thornton New Zealand, the appointed receiver of all Acecco’s interests and rights, said the company had $7.14 million in recorded assets. It is unknown how much of those assets can be realised, the report said.

Acecco had two company bank accounts frozen, totalling $392.

The company’s liabilities totalled $11.6 million, and the report added that less than $17,000 of that sum is recoverable.

Eight of Acecco’s retail locations were trading at the point of liquidation on December 22.

Liquidators McDonald Vague previously estimated that the firm owes $217,000 to former employees in wages, holiday pay, and redundancy pay.

Grant Thornton New Zealand said there were no employees left at the company, and its records indicate refunds are due from Inland Revenue.