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Compliance and audit reviews
From mandates, best practice procedures or accreditations, to simply gaining peace of mind, our technical and industry experts have you covered.
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External audit
Strengthen business and stakeholder confidence with professionally verified results and insights.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Corporate tax
Identify tax issues, risks and opportunities in your organisation, and implement strategies to improve your bottom line.
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Indirect tax
Stay on top of the indirect taxes that can impact your business at any given time.
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Individual tax
Preparing today to help you invest in tomorrow.
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Private business tax structuring
Find the best tax structure for your business.
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Tax disputes
In a dispute with Inland Revenue or facing an audit? Don’t go it alone.
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Research & development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
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Management reporting
You’re doing well, but could you be doing even better? Discover the power of management reporting.
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Financial reporting advisory
Deep expertise to help you navigate New Zealand’s constantly evolving regulatory environment.
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Succession planning
When it comes to a business strategy that’s as important as succession planning, you can’t afford to leave things to chance.
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Trust management
Fresh perspectives, practical solutions and flexible support for trusts and estate planning.
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Forecasting and budgeting
Prepare for every likely situation with robust budgeting and forecasting models.
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Outsourced accounting services
An extension of your team when you need us, so you can focus your time, energy and passion on your business.
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Setting up in New Zealand
Looking to set up a business in New Zealand? You’ve come to the right place.
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Policy reviews & development
Turn your risks into strengths with tailored policies that protect, guide and empower your business.
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Performance improvement
Every business has untapped potential. Unlock yours.
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Programme & project management
Successfully execute mission-critical changes to your organisation.
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Strategy
Make a choice about your vision and purpose, where you will play and how you will win – now and into the future.
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Risk
Manage risks with confidence to support your strategy.
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Cloud services
Leverage the cloud to keep your data safe, operate more efficiently, reduce costs and create a better experience for your employees and clients.
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Data analytics
Use your data to make better business decisions.
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IT assurance
Are your IT systems reliable, safe and compliant?
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Cyber resilience
As the benefits technology can deliver to your business increases, so too do the opportunities for cybercriminals.
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Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
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Virtual CSO
Security leadership and expertise when you need it.
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Debt advisory
Raise, refinance, restructure or manage debt to achieve the optimal funding structure for your organisation.
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Financial modelling
Understand the impact of your decisions before you make them.
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Raising finance
Access the best source of funding for your business with a sound business strategy and rigorous planning.
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Business valuations
Valuable decisions require valued insights.
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Complex and international services
Navigate the complexities of multi-jurisdictional insolvencies.
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Corporate insolvency
Achieve fair and orderly outcomes if your business – or part of it - is facing insolvency.
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Independent business review
Is your business viable today? Will it be viable tomorrow? Give your business a health check to find out.
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Litigation support
Straight forward advice from trusted advisors to support litigation and arbitration matters, expert determinations and other specialist hearings.
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Business valuations
Valuable decisions require valued insights.
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Forensic accounting & dispute advisory
Understand the true values, numbers and dollars at stake, as well as your obligations and rights to ensure value is preserved and complexities are managed.
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Expert witness
Our expert witnesses analyse, interpret, summarise and present complex financial and business-related issues which are understandable and properly supported.
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Investigation services
A fast and customised response when misconduct occurs in your business.
New Zealand mid-size business report
16 Sep 2019What does New Zealand’s mid-market look like? How is it performing and why is this important?
Our mid-size businesses (MSBs) are the unsung heroes of New Zealand’s economy. They are a powerhouse of employment, growth and revenue, but are often overlooked as we focus on growing small businesses and celebrating the success of larger ones. This report explores MSBs’ contribution, their performance, their challenges and the opportunities available to contribute even more to the economy.
The power of MSBs …
MSBs make up just 2.2% of businesses, yet they are a business sector that makes a significant contribution to the economy, strongly underpinning employment and household income.
Longevity
MSBs have a low mortality rate; 65% are 11 years or older, and 38% are 21 years or older.
Employment growth and stability
MSBs provide 21% of employment in New Zealand. Employment growth was strongest in the MSB sector over the five years to 2018 (24%), outperforming growth in small (8.9%) and large businesses (13.9%).
Growing salaries and wages
The MSB sector injects an estimated $22b into Kiwi households through salaries and wages. Spending on salaries and wages increased by 38% between 2014 and 2018; during the same period, small and large businesses increased their wage bills by 25% and 26% respectively.
Growth in numbers
The number of MSBs is growing at a faster rate than small or large entities. From 2014 to 2018, the number of mid-size businesses grew 33% compared to 24% for large and 11% for small businesses.
… and the potential
The sector is vibrant and dynamic, but overall it is underperforming on profitable income growth, productivity and capital investment which means some big opportunities are being missed.
• Although the total income of the MSB sector grew strongly from 2014 to 2018, average income per enterprise has not increased. MSBs’ profits have not risen as quickly as their small and large counterparts
• Productivity - as measured by income per employee - is a barrier to growth
• MSBs’ capital investment is also low. This is part of the wider issue of low productivity throughout New Zealand’s economy and demonstrates the support that the mid-size business sector needs to accelerate growth
Unlocking the potential for growth in Kiwi mid-sized businesses
At Grant Thornton, we know that there is power and potential for Kiwi mid-size businesses to accelerate their growth, but this can only be achieved through Government initiatives and a range of improvements by the businesses themselves.
This report also includes recommendations to both Government and MSBs that should have a positive impact on NZ Inc’s bottom line; for these and more insights, download your copy of The power and potential of the mid-size business.
