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

 

Fast50 Co. Quest Shows NZ Business In Good Heart

For immediate release- 29 August 2001

FAST50 COMPANY QUEST SHOWS NZ BUSINESS IN GOOD HEART

We know where you are, but not what you do: The search for New Zealand’s 50 fastest growing businesses is throwing up some early regional trends, with entries now closed in the inaugural corporate growth search.

Almost 500 nominations have been received for the Deloitte/Unlimited Fast 50, which plans to identify New Zealand’s fast growing companies.

Auckland leads the charge, with 38.5% of entries, followed by Christchurch at 27%. Wellington businesses comprise 22% of entries, with Dunedin at 7% and Hamilton businesses making up 5.5%.

But just which sector the winning companies will come from is anyone’s guess at this stage. The biggest category is companies rating themselves as ‘other’, not fitting into manufacturing (20%), services (16%), retail (15%), technology (11%) or the less-than- 5% remaining categories of health care, biotech, telecommunications, tourism or leisure.

The Fast 50 is a Deloitte global initiative, run in several countries as Fast 100 or Fast 500, with information gleaned from publicly available data. The programme in New Zealand, run as the Deloitte/Unlimited Fast 50, invited voluntary participation as privately owned companies are not required to file accounts

Deloitte CEO Nick Main says the nominations provide solid evidence that a large number of New Zealand business are running in the fast lane.

“They are tomorrow’s potential bluechips with the final rankings all about growth, based on revenue figures supplied for three years,” he says.

The full ranking will be published in the November issue of the business magazine, Unlimited, and its publisher, Vincent Heeringa, says the rankings will also point to emerging entrepreneurs and business heroes. The top –rated company receives a trip to the Global Forum of CEOs of fast growing organisations, to be held 8-10 May 2002 in Florida, US.

-ends-

For more information: Sonia Cottrell, Deloitte, 09- 303 0837, 021 344 468 Vincent Heeringa, Unlimited, 377 9902, 021 936 739


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>



Psychic Ventures: US Consumer Spending On Video Games Jumped By 42% In Jan 2021

On a global scale, there was a 15% increase in digital games revenue in January 2021, pushing the total to $11.6 billion.
In the US, gaming revenue rose to an impressive high during the month thanks to the new generation of consoles. ... More>>

OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>