Inventory discrepancies toy with Zuru’s NZ accounts

Nick Mowbray, co-founder and CEO of toy and consumer products manufacturer Zuru. (Image: Supplied)

Tue, 17 Jun 2025

The latest 2024 accounts for the global NZ-founded toy and consumer goods company, Zuru New Zealand, have been qualified by its auditor, EY, as the company has been unable to reconcile variances in its inventory since 2022.The Wellington office of EY did a physical count of the inventory at Zuru’s third-party logistics provider on Dec 22, 2022, and found differences between the quantity counted then and the quantity recorded nine days later on Dec 31.EY said in Zuru NZ’s 2023 and 2024 audit report, “We were unable to satisfy o...

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