Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Auckland firm to expand into the Capital

Auckland firm to expand into the Capital

While many businesses are heading for northern pastures, Auckland-based firm Platform 1TM is doing the opposite — next month they will set up an office in Wellington.

Platform 1 assists business owners to transition from being owner/managers in their businesses to becoming founder investors. They cater for business owners who want to increase the wealth in their businesses but have either run out of ideas or energy and might be looking for an alternative to selling. Part of the process is to introduce a General Manager who will later take a minority shareholding if everything works out.

“We give business owners an alternative to selling their businesses outright ... they get a better income stream and better lifestyle,” says Geoff Shaw (Partner).

Mr. Shaw explains that Platform 1 has evolved from their executive search and recruitment business, Saturn Group, over the past 12 years. “Leadership transition is different to executive search and recruitment. It requires much more assessment at the front end and more in-depth understanding of where the business owner wants to go and what their business needs,” he says. Mr. Shaw says that over 12 years, they have facilitated more than 45 leadership transitions. During this time, they have learned what works and what doesn’t; what the critical factors are for success.

“We’ve done a long apprenticeship. This has given us the ability to deliver great results,” he says. “We are seen as business people in recruitment, not just recruiters. We understand what it’s like being in business.

Mr. Shaw says there are other organisations that assist with succession planning, like banks, chartered accountants and professional advisory firms. However, Platform 1 is different because they focus on the people side of businesses.

Why is Platform 1 setting up in Wellington?

“There are huge opportunities in Wellington and throughout the North Island ... it makes sense to bookend the North Island from Auckland and Wellington,” says Mr. Shaw.

He says that businesses operating outside the main centres tend to get overlooked: “They fall off the radar — some of our biggest successes have been in the regions.”

Mr. Shaw says the reception received in Wellington and throughout the North Island has been very positive.

“It’s like anything — if you show some real interest and put in the effort, you’ll be successful,” he says.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Hepatitis A Link: Increased Surveillance Of Imported Frozen Berries

The Ministry for Primary Industries (MPI) Director General has issued a statement warning of a potential risk associated with imported frozen berries following four human cases of Hepatitis A thought to be linked to packaged imported frozen berries. More>>


Shocking Dairy Footage: MPI Failing Our Animals And Damaging Our Reputation

Greens “Nathan Guy needs to urgently look into how his ministry is enforcing animal welfare standards, how these appalling incidents happened under its watch and what it’s going to do prevent similar incidents happening again in the future." More>>


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news