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


Shephard Dunphy join BDO fold

Shephard Dunphy join BDO fold, adding Wellington insolvency team to accounting firm

By Paul McBeth

April 11 (BusinessDesk) - Wellington insolvency firm Shephard Dunphy has thrown its lot in with BDO, making the accounting firm the country's third-biggest insolvency practice and providing it a ready-made foothold in the capital city.

BDO Wellington acquired Shephard Dunphy for an undisclosed sum, and will add Iain Shephard and Jessica Kellow to its list of partners, it said in a statement. The deal gives BDO 11 accredited insolvency practitioners across the country's four main centres and more members of the Restructuring Insolvency Turnaround Association of New Zealand industry body than any other, it said.

Shephard told BusinessDesk the transaction came together mutually, filling a regional gap for BDO and adding a broader network for the insolvency firm's clients.

"It's good for BDO and fills quite a gap because they didn't have an insolvency team in Wellington," Shephard said.

Shephard Dunphy's team will go across to BDO, with Shephard and Kellow becoming partners of the accounting firm, something he said was a component of the sale price.

According to its website, the insolvency firm accepts about 100 assignments a year.

BDO Wellington managing partner Mark Bewley brought a boutique offering to the wider group and underlined the Wellington office's effort to expand its service range.

"We’re very pleased to be in a position to bring Shephard Dunphy’s significant skills and experience," Bewley said. "Two strong firms coming together is a marker of growth and that is our plan."


© Scoop Media

Business Headlines | Sci-Tech Headlines


Land Report: Issues With Soil Degradation

An environmental report released today has found we are damaging and losing our soils and our native plants and animals. More>>


Water Quality Report: Cause For Optimism

National River Water Quality Trends released by Land, Air, Water Aotearoa (LAWA) this week, reveal that for all river water quality parameters monitored over a 10 year period, more sites were improving than deteriorating. More>>


IMF Report On NZ: Positive Economic Outlook

Minister of Finance Grant Robertson has welcomed the IMF’s Concluding Statement, released following its annual visit, which provides an independent assessment of the strength of the New Zealand economy. More>>


Retail Power Price: Review Panel Named

The Energy and Resources Minister Megan Woods has released the details of who will sit on an expert advisory panel which is tasked with leading a review into the price of electricity in New Zealand. More>>


Increasingly Disruptive Threats: Govt Cyber Security Refresh

Broadcasting, Communications and Digital Media Minister Clare Curran today announced a comprehensive refresh of New Zealand’s approach to cyber security. More>>


Regional Growth: Action Plan To Modernise Taranaki’s Economy

The Provincial Growth Fund (PGF) will invest up to $20 million to help future-proof the Taranaki region by diversifying its economy, creating additional jobs and leveraging off the strong base the region has established through its oil, gas and agricultural ... More>>


Winding Down Irrigation: Funding Ends For Crown Irrigation Investment

The Government has begun winding down public funding for large-scale irrigation through Crown Irrigation Investments Limited (CIIL), in line with the Coalition Agreement and the Confidence & Supply Agreement. More>>