Services
Every organisation faces unique challenges throughout the business lifecycle. We understand the factors that govern growth and profitability and can tailor our...
We deliver full advisory service capability to navigate the array of opportunities, complex challenges and risks to help dynamic organisations achieve their...
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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.
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Capital markets
You need corporate finance specialists experienced in international capital markets on your side if you’re buying or selling financial securities.
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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.
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Corporate insolvency
Our corporate investigation and recovery teams can help you manage insolvency situations and facilitate the best outcome.
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Debt advisory
An optimal funding structure for your organisation presents unprecedented opportunities, but achieving this can be difficult without a trusted advisor.
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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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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.
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Forensic and investigation services
We provide investigative accounting and litigation support services for commercial, matrimonial, criminal, business valuation and insurance disputes.
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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.
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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.
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Mergers and acquisitions
Grant Thornton provides strategic and execution support for mergers, acquisitions, sales and fundraising.
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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.
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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.
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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
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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.
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Virtual asset advisory
Helping you navigate the world of virtual currencies and decentralised financial systems.
Does your tax bill get the same attention as your cost of sales or salaries and wages? Tax rates might be fixed but the rules and the risks aren't.
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Corporate tax
Grant Thornton can identify tax issues, risks and opportunities in your organisation and implement strategies to improve your bottom line.
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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
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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.
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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
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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.
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Research and Development
R&D tax incentives are often underused and misunderstood – is your business maximising opportunities for making claims?
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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.
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Tax governance
Mitigate tax risks and implement best practice governance that will stand up to IRD scrutiny and audits.
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Transfer pricing
Tax authorities are demanding transparency in international arrangements. We businesses comply with regulations and use transfer pricing as a strategic planning tool.
Our experts have extensive experience in audit and assurance and produce outstanding work for leading New Zealand organisations in both the public and private...
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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
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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.
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Financial reporting advisory
Our financial reporting advisers have the expertise to help you deal with the constantly evolving regulatory environment.
Consulting is a multi-disciplinary team, delivering a range of expertise including internal audit, risk management, IT advisory, project assurance, and...
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Business architecture
Our business architects help businesses with disruptive conditions, business expansion and competitive challenges; the deployment of your strategy is critical to success.
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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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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.
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IT advisory
Our hands on product experience, extensive functional knowledge and industry insights help clients solve complex IT and technology issues
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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
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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.
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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.
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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
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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
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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.
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Risk management
We understand that growing companies need to establish robust internal controls, and use information technology to effectively mitigate risk.
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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.
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Our public sector team goes beyond expectations so you can too.
Strategic investment drives strong growth for Grant Thornton
15 Jan 2019
Grant Thornton International Ltd said today a deliberate focus on key strategic growth markets has led to record combined global revenues of USD5.45 billion for the financial year ended 30 September 2018, driven by broad-based growth of 9.4% across the network. This is the network’s highest rate of growth in six years.
In particular, the results were driven by:
- Transformational mergers in Japan and South Africa, combined with strong organic growth across Asia Pacific and Africa, delivering stand out growth in both regions (18.7% and 54.7% respectively)
- Above average growth in Europe (7.7%) with over half of European member firms growing revenues by over 10%
- Particularly strong growth from tax (14.8%) and advisory (10.4%) service lines across the network
Peter Bodin, CEO Grant Thornton International Ltd, says: “First and foremost, I would like to acknowledge the commitment, passion and determination of our people, which has helped the network to deliver such a fantastic result.
“Our success this year is the result of a deliberate strategic focus on our core mid-market client base, and our key strategic growth markets where we want to be successful. Being clear on where we need to develop our capabilities, and focusing on quality in those core markets, has underpinned this performance.
“Despite growing uncertainty in many markets this year from political upheaval and rising trade tensions, trading conditions have remained robust for clients around the world. Many have taken advantage of these favourable conditions to invest for the long-term and prepare for the uncertain conditions that may lay ahead.
“This is why we’ve been investing too. Investing in our network, in our technology, and in the development of our people and future leaders to ensure we are where clients need us to be and that we’re ready to deliver quality advice and support in a rapidly changing market.”
The largest merger of the year took place in Japan with the addition of Yusei Audit Co. and Yamada & Partners Certified Public Tax Accountants’ Co. to the network, adding 900 new staff and substantially boosting Grant Thornton’s tax and audit capabilities across the region.
The Japanese merger was complemented by strong organic growth across the region, most notably among the ASEAN countries of Indonesia (31.9%), Malaysia (27.2%), Singapore (16.3%) and Thailand (12.6%). Across the Asia Pacific region, 42% of member firms grew revenues by over 10%.
In Africa, seven member firms grew their revenue by over 20% and the network welcomed SizweNtsalubaGobodo, the largest black-owned firm in South Africa, to the network. It will help deliver the quality and capability our clients expect both globally, and in the South African market.
Europe saw above average growth of 7.7% with Ireland (24.4%), Greece (23.1%) and Spain (21.3%) performing particularly well. Meanwhile, the Americas achieved a growth rate of 5.7% driven by strong performances from many firms including Canada LLP (13.2%), Chile (17.4%) and the US (4.8%).
Peter continues: “It’s great to see our firms from markets across the globe flourishing as we continue to build a sustainable next-generation professional services organisation.”
Results for year ending 30 September 2018 in summary:
- The Grant Thornton network recorded growth of 9.4% on USD terms with total combined member firm revenues of USD5.45bn
- The number of people in the Grant Thornton network globally grew by 6.3% to 52,686 people in 131 countries
- Assurance services made up approximately 39% of total revenues (USD2.1bn, +4.3%); Advisory services 35% (USD1.92bn +10.4%); Tax services experienced the strongest growth, accounting for 22% of total revenue (USD1.19bn +14.8%) reflecting the changing tax landscape. Other services accounted for 3% at USD145m
- Over 20% of the growth in 2018 has come from mergers and acquisitions - more in both volume and value than in the previous two years. In total, there were 24 deals from 10 firms with the Japanese merger being the largest and Canada LLP being the most active by number
- The Americas remain the network’s largest market with revenues of USD2.5bn (+5.7%), followed by Europe at USD1.75bn (+7.7%). Particularly strong growth came from Africa (up 54.7%) and Asia Pacific (up 18.7%)
- The strength of Africa was underpinned by the successful addition of South Africa’s largest black-owned firm, SizweNtsalubaGobodo (completed in mid-2018). There were also numerous stand-out performances from member firms in many other countries with particularly strong performances from Tunisia (+45.8%), Ethiopia (+29.2%) and Nigeria (+30.7%). Overall, 24% of African firms grew revenues by over 10%
- In Asia Pacific, Grant Thornton Japan completed a significant expansion in July when it welcomed the Yusei Audit Co. and Yamada & partners Certified Public Tax Accountants’ Co. to the network. The transaction added 200 new audit staff and a 700-person tax company to the network. Indonesia (31.9%), Malaysia (27.2%), Singapore (16.3%) and Thailand (12.6%) were also strong performers in the region
- The network brought in seven new member firms – Austria, Cameroon, Dutch Caribbean, Lebanon, Malawi, Mongolia and South Africa as well as the creation of an EU Services Joint Venture
For further enquiries, please contact:
Rachel Head
National Marketing Manager
Grant Thornton New Zealand
T +64 9 922 1212
E rachel.head@nz.gt.com
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