-
Business valuations
We offer expert valuation advice in transactions, regulatory and administrative matters, and matters subject to dispute – valuing businesses, shares and intangible assets in a wide range of industries.
-
Capital markets
You need corporate finance specialists experienced in international capital markets on your side if you’re buying or selling financial securities.
-
Complex and international services
Our experience of multi-jurisdictional insolvencies coupled with our international reputation allows us to deliver the best possible outcome for all stakeholders.
-
Corporate insolvency
Our corporate investigation and recovery teams can help you manage insolvency situations and facilitate the best outcome.
-
Debt advisory
An optimal funding structure for your organisation presents unprecedented opportunities, but achieving this can be difficult without a trusted advisor.
-
Expert witness
Our expert witnesses analyse, interpret, summarise and present complex financial and business-related issues which are understandable and properly supported.
-
Financial models
A sound financial model will help you understand the impact of your decisions before you make them. Talk to us about our user-friendly models.
-
Forensic and investigation services
We provide investigative accounting and litigation support services for commercial, matrimonial, criminal, business valuation and insurance disputes.
-
Independent business review
Is your business viable? Will it remain viable in the future? A thorough independent business review can help your organisation answer these fundamental questions.
-
IT forensics
Effective ESI analysis is integral to the success of your business. Our IT forensics experts have the technical expertise to identify, preserve and interrogate electronic data.
-
Mergers and acquisitions
Grant Thornton provides strategic and execution support for mergers, acquisitions, sales and fundraising.
-
Raising finance
Raising finance - funders value partners who can deliver a robust financial model, a sound business strategy and rigorous planning. We can guide you through the challenges that these transactions can pose and help you build a foundation for long term success once the deal is done.
-
Relationship property services
Grant Thornton offers high quality independent advice on the many financial issues associated with relationship property from considering an individual financial issue to all aspects of a complex settlement.
-
Restructuring and turnaround
Grant Thornton’s restructuring and turnaround service capabilities include cash flow, liquidity management and forecasting; crisis and interim management; financial advisory services to companies and parties in transition and distress
-
Transaction advisory
Our depth of market knowledge will steer you through the transaction process. Grant Thornton’s dynamic teams offer range of financial, commercial and operational expertise.
-
Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
-
Corporate tax
Grant Thornton can identify tax issues, risks and opportunities in your organisation and implement strategies to improve your bottom line.
-
Employment tax
Grant Thornton’s advisers can help you with PAYE (payroll tax), Kiwisaver, fringe benefits tax (FBT), student loans, global mobility services, international tax
-
Global mobility services
Our team can help expatriates and their employers deal with tax and employment matters both in New Zealand and overseas. With the correct planning advice, employee allowances and benefits may be structured to avoid double taxation and achieve tax savings.
-
GST
GST has the potential to become a minefield and can be expensive when it goes wrong. Our technical knowledge can help you minimise the negative impact of GST
-
International tax
International tax rules are undergoing their biggest change in a generation. Tax authorities around the world are increasingly vigilant, especially when it comes to global operations.
-
Research and Development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
-
Tax compliance
Our advisers help clients manage the critical issue of compliance across accountancy regulations, corporation law and tax. We also offer business and wealth advisory services, which means we can provide a seamless and tax-effective offering to our clients.
-
Tax governance
Mitigate tax risks and implement best practice governance that will stand up to IRD scrutiny and audits.
-
Transfer pricing
Tax authorities are demanding transparency in international arrangements. We businesses comply with regulations and use transfer pricing as a strategic planning tool.
-
Audit methodology
Our five step audit methodology offers a high quality service wherever you are in the world and includes planning, risk assessment, testing internal controls, substantive testing, and concluding and reporting
-
Audit technology
We apply our audit methodology with an integrated set of software tools known as the Voyager suite. Our technology has been developed to produce quality audits that are effective and efficient.
-
Financial reporting advisory
Our financial reporting advisers have the expertise to help you deal with the constantly evolving regulatory environment.
-
Business architecture
Our business architects help businesses with disruptive conditions, business expansion and competitive challenges; the deployment of your strategy is critical to success.
-
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.
-
Internal audit
Our internal audits deliver independent assurance over key controls within your riskiest processes, proving what works and what doesn’t and recommending improvements.
-
IT advisory
Our hands on product experience, extensive functional knowledge and industry insights help clients solve complex IT and technology issues
-
IT privacy and security
IT privacy and security should support your business strategy. Our pragmatic approach focuses on reducing cyber security risks specific to your organisation
-
Payroll assurance
Our specialist payroll assurance team can conduct a review of your payroll system configuration and processes, and then help you and your team to implement any necessary recalculations.
-
PCI DSS
Our information security specialists are approved Qualified Security Assessors (QSAs) that have been qualified by the PCI Security Standards Council to independently assess merchants and service providers.
-
Process improvement
As your organisation grows in size and complexity, processes that were once enabling often become cumbersome and inefficient. To maintain growth, your business must remain flexible, agile and profitable
-
Procurement/supply chain
Procurement and supply chain inputs will often dominate your balance sheet and constantly evolve for organisations to remain competitive and meet changing customer requirements
-
Project assurance
Major programmes and projects expose you to significant financial and reputational risk throughout their life cycle. Don’t let these risks become a reality.
-
Risk management
We understand that growing companies need to establish robust internal controls, and use information technology to effectively mitigate risk.
-
Robotic process automation (RPA)
RPA is emerging as the most sophisticated form of automation used to help businesses become more agile and remain competitive in the face of today’s ongoing digital disruption.
More focus on mid-sized businesses critical for New Zealand’s economic growth
Despite their significant contribution to the economy, a New Zealand study released today has found our mid-sized businesses are not performing as well as their counterparts overseas.
Despite their significant contribution to the economy, a New Zealand study released today has found our mid-sized businesses are not performing as well as their counterparts overseas.
Conducted by Grant Thornton New Zealand, the research focusses solely on New Zealand’s mid-market. It found over the past decade, the number of mid-sized businesses has grown at a faster rate than small businesses, have more chance of survival and contributed $35 billion to GDP in 2017. However, it also found, while mid-sized businesses are outperforming both small businesses and large enterprises in employment growth, they fall behind when it comes to productivity and profit growth. Capital investment in mid-sized businesses is also low – they have a similar equity to assets ratio as small businesses.
Stacey Davies, Business Advisory Services Partner at Grant Thornton New Zealand says, “The mid-market is an important part of our economy, but it’s often overlooked as we focus on getting small businesses off the ground and celebrating the success of larger ones.
“If mid-sized businesses’ view of the world is not articulated in New Zealand’s business and economic conversations, their needs won’t be met and opportunities for not only those businesses, but a significant portion of the population, will be missed.”
The study found 76% of mid-sized businesses requesting financing in 2018 favoured debt financing while only 9% of all mid-sized businesses requested equity financing.
“Having put the hard yards in to build their businesses, owners are reluctant to give up a share of ownership to an investor, however, in many cases it’s necessary to achieve meaningful growth,” says Davies.
Mid-sized businesses are also falling well behind when it comes to operating internationally. The study found about 27% of mid-sized businesses exported products or services in 2018, and only 1.9% reported having international operations. By comparison, 46% of German, 29% of UK and approximately 33% of Australian mid-sized businesses have international operations.
The report recommends that mid-sized businesses develop a voice of their own, beginning with the Government determining an official New Zealand-based definition for a mid-sized business. Once a sharper definition is in place, why the best mid-sized businesses succeed can be identified and programmes developed to stimulate or accelerate mid-sized business growth.
Grant Thornton New Zealand’s full report, The power and potential of the mid-size business can be download here.
Key findings
- There are 10,698 MSBs in New Zealand compared with 2,460 large and 471,021 small enterprises
- 65% of MSBs are 11 years or older
- MSBs directly injected an estimated $21.7 billion into New Zealand households through salaries and wages
- MSBs contributed $35 billion to New Zealand’s GDP in 2017
- About 27% of MSBs exported in 2019
- 9% of New Zealand MSBs have international operations
- More than half of New Zealand’s mid-sized businesses are in the wholesale trade, construction, retail, trade or manufacturing sectors
Further enquiries, please contact:
Claire Cicchini
Acumen Republic
T +64 21 834 652
E ccicchini@acumenrepublic.com
Notes to editors:
Findings in The power and potential of the mid-size business is based on three sets of data produced by Statistics New Zealand:
- Annual Enterprise Survey 2018
- Business Operations Survey 2018
- Business Demography data 2018
For the purposes of this research, New Zealand’s mid-size businesses have been defined as having revenue between $5m and $30m, and/or employing between 20 and 99 people. The primary source for this research is the Annual Enterprise Survey (AES) which defines the enterprises by income groups: $0 to $5 million (small businesses); >$5 million to $30 million (MSBs); and >$30 million (large businesses). Business Demography and Business Operations Survey data is based on employee size groups: 0 to 19 employees (small businesses); 20 to 99 employees (MSBs); and 100+ employees (large businesses).
More information about these definitions can be found in the report.
About Grant Thornton International Ltd*
Grant Thornton is one of the world's leading organisations of independent assurance, tax and advisory firms. These firms help dynamic organisations unlock their potential for growth by providing meaningful, actionable advice through a broad range of services. Proactive teams, led by approachable partners in these firms, use insights, experience and instinct to solve complex issues for privately owned, publicly listed and public sector clients. Over 53,000 Grant Thornton people, in more than 135 countries, are focused on making a difference to clients, colleagues and the communities in which we live and work.
Grant Thornton International is a non-practicing, international umbrella entity organised as a private company limited by guarantee incorporated in England and Wales. References to "Grant Thornton" are to the brand under which the Grant Thornton member firms operate and refer to one or more member firms, as the context requires. Grant Thornton International and the member firms are not a worldwide partnership. Services are delivered independently by member firms, which are not responsible for the services or activities of one another. Grant Thornton International does not provide services to clients.
*All references to Grant Thornton International in the press release and this “Notes to editor” section are to Grant Thornton International Ltd. Grant Thornton International Ltd is a non-practicing, international umbrella entity organized as a private company limited by guarantee incorporated in England and Wales.