Kiwi Companies Start to Lift Sights Beyond Financial Crisis

Media Release
19 May 2011

Kiwi Companies Start to Lift Sights Beyond the Global Financial Crisis

A mind shift from dealing with the global financial crisis to focusing on growth means increasing numbers of New Zealand business are seeking quality accountancy advice.

Nigel Arkell, Director of The Business Advisory Group – which specialises in accountancy advisory services – says some businesses have now had a breathing space to act on their growth plans.

“For many Kiwi companies, this is the first chance they’ve had to lift their sights from fighting fires and just getting through the day to repositioning themselves and focusing on profit as the recovery unfolds.”

“Importers, in particular, have been taking advantage of the new highs of the New Zealand dollar against the US dollar by taking forward cover to ensure their gross margins will remain strong in the year ahead,” Mr Arkell says.

He says this has made the budgeting process for 2011/12 much more robust than it may well have been otherwise, especially in conjunction with increased use of “what if” profit and loss modelling to predict several different monthly budget scenarios that enable companies to focus on growing their sales to meet their top line predictions.

To meet the increased demand from clients for this type of work the The Business Advisory Group has appointed Martyn Henderson and Sudhir Lala as Associate Directors to support Directors Mr Arkell and Carol Campbell.

“Martyn and Sudhir will take a leadership role in conjunction with Associate Director James McQuaid to ensure the high level of client service delivery goals of the practice continue to be met,” Mr Arkell says.

ENDS

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