William Buck New Zealand
As a fully integrated firm of Chartered Accountants and advisors, William Buck provides a complete solution. Putting you at the core of the business, our advisors work together to ensure that careful consideration is given to your business and personal wealth affairs.
Working closely with you and your team, our Business Advisors can help you plan and implement contemporary business strategies and practices to meet your business’s full potential.
Our commercially minded tax specialists offer clear, responsive advice to manage your tax risk, address local and international issues, and develop strategies to optimise your tax position.
Our highly experienced team of liquidators and trustees use their extensive expertise to assist in times of financial distress, achieving the best outcome for all stakeholders.
Our audit team has extensive experience in a range of engagements, giving stakeholders independent and objective assurance on financial information, transactions and processes.
By understanding not only what you want to achieve but why it’s important, our wealth advisors can create strategies attuned to your key priorities. The end result is a plan focused on your life goals.
Our Corporate Advisory team provides objective, strategic and commercial advice across a broad range of business issues. Our work spans the breadth each engagement from the origination of ideas to managing the transaction process, valuation and structuring.
The William Buck Hour could be the most profitable hour you spend this year.
Sweeping changes to financial reporting may impact your financial position and business operations.
Our experts are here to help you understand what you need to know about Safe Harbour legislation.
William Buck has a team of professionals with specialist experience and know-how on a range of industry sectors.
Our advisors understand the risks and opportunities unique to the agribusiness sector. Taking a strategic view of your operations they provide relevant guidance and advice.
Assisting public and private schools, vocational colleges, universities and private training providers, our education specialists provide timely and valuable assurance services together with strategic, financial and management advice.
Our Government and public sector team has substantial experience in assisting all levels of government to review their structures and develop strategies, in line with relevant legislative requirements and accounting and audit standards.
Working with over 1,600 clients in the health sector, our advisors help practitioners and health care corporates achieve their business and personal goals
Our hospitality and tourism team has a working knowledge of the industry which, when combined with our technical knowledge, can assist you in reaching your commercial goals.
By staying on top of changes in the manufacturing sector, our industry experts provide relevant and timely guidance to a broad range of manufacturing business.
Our mining and energy team has the experience and resources to help start-ups, developing businesses and well-established companies to meet their commercial goals.
Integrity and transparency are at the heart of the best Not for Profit organisations. These values re shared by our dedicated Not for Profit team, which helps entities to establish to improve performance and develop strategies for long-term growth.
Our advisors understand the challenges and opportunities facing the professional services sector first hand. This experience together with our expertise helps to determine your strategic objectives and provide concise, relevant advice to help you achieve your goals.
Our property and construction team assist on a wide range of assignments from property development to construction and large infrastructure projects. Their diverse experience, technical expertise and commercial know-how to help you tackle the important issues.
Our retail and wholesale team works with a variety of businesses from family owned operations to franchises and larger chains, to provide advice and guidance on the issues that count.
Our transport and distribution team works with businesses to review their operations, improve efficiency and productivity and ensure compliance with the latest regulatory developments.
The William Buck Health Hour could be the most profitable hour you spend this year.
We work with individuals, businesses and community organisations with a particular focus on the mid-market. Drawing on our extensive experience, our advisors will challenge your thinking and re-frame problems to understand their root-cause.
We’re more than just accountants and advisors, we aspire to create positive change in the lives of our clients and our people.
Life as a CFO can be complex, exciting and demanding. Combining technical excellence with decades of working closely with and listening to the needs of CFOs, our advisors understand the competing demands of your role.
Whatever your needs, we have the expert resources to create the best outcome for you and your business. As our client, you’ll benefit from our integrated services model that puts you at the core of its business.
We create and implement personal wealth plans and tax strategies that give our clients greater certainty that their financial and personal goals will be met.
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Our professionals are experts in their fields and are skilled at providing jargon-free, practical and comprehensive advice, allowing you to get to the heart of your matter.
Interested in joining our team? We have positions across Australia and New Zealand for forward thinking, enthusiastic, intelligent individuals.
Looking to join a team that offers more than just co-workers? We’re proud to have built a firm which engenders loyalty and provides an environment in which life-long professional connections and friendships can flourish.
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We offer a workplace where striving for excellence and being supported to achieve your professional and personal best, are par for the course.
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We foster a dynamic and respectful work culture, where growth and development are encouraged, and initiative is rewarded.
We’re committed to recruiting outstanding people. Our culture is built on respect and team work, making William Buck a great place to develop a rewarding career. From day one, you will be given every opportunity to realise your full potential.
We boast a culture that values each individual employee as an essential part of the team and places a high priority on helping you reach your full potential, personally and professionally.
Hello. Kia Ora. Talofa. Ni Ho. However, you say it, there’s always a warm welcome at William Buck. Creating an enjoyable environment to spend our days is part of our master plan to create an exceptional place to work.
Applying for a graduate position at William Buck is the first step in a rewarding career.
Our people are the reason for our success. In recognition of this we have comprehensive learning and development programs to ensure our employees are given the right opportunities to grow both as professionals and as people.
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Established in 1895, we’re more than just advisors; offering a full range of services and 360 degree support, we aspire to create a positive change in the lives of our clients and our people.
As a member of Praxity, the world’s largest international accounting alliance, our local team is supported by our extensive network, representing an unrivalled global resource and knowledge pool.
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A significant majority (69.2%) of respondents have never had their business independently valued. The good news is that, of those that had had their business independently valued, the value was broadly as expected for 62.5% of respondents. Perhaps most interesting is that the valuation was less favourable than expected for 20.8% and more favourable than expected for only 16.7%.
The low level of respondents who had had their business independently valued is surprising and may stem from a failure to appreciate the role that an independent valuation plays not only in estimating the existing value of the business but also in highlighting those aspects of the business that may be improved in order to increase its value.
At the core of a business valuation is an assessment of the likely future returns that can be expected from the business and the risks associated with achieving those returns. Whilst the absolute size of future returns will generally be a function of external marketing and other business development activities, the risks associated with those returns can be mitigated by the implementation of many internal initiatives, such as the development of systems and processes, reviewing investment in working capital and increasing productivity by streamlining processes and staff training. These initiatives will have benefits irrespective of the level of returns achieved.
Just over half of respondents (52.6%) stated that they had a clear understanding of what they would need to do to maximise the value of their business for sale. The balance of respondents either did not have a clear understanding of what was required (21.8%) or were not sure if they understood (25.6%).
The responses indicate that a significant proportion of business owners are uncertain how the value of their business is affected by factors such as:
With proper planning over time, appropriate strategies can implemented in respect of each of the above (and in other areas) to strengthen the business and increase its value.
Most respondents believe that the value of their business would most likely be improved by a combination of improved general economic conditions (36.7%) and having more time to develop their business (36.7%). Given that respondents could choose to give a number of responses, it is interesting to note that only 16.5% of respondents believed that obtaining professional advice would be a major contributor to increased business value.
In our experience, many business owners fail to appreciate that the value of businesses can be improved even during difficult economic times and that developing their business is not solely a function of increasing revenues and earnings.
In addition to increasing revenues and earnings, the value of a business is also greatly affected by factors such as:
We have come across many instances in which it is not until the impact of the above factors is “quantified” through the mechanism of an external review or independent valuation that business owners appreciate the influence that those factors can have on the value of their business. It is then that they can start to implement strategies aimed at improving the business.
Less than one-third of respondents are of the view that they would be happy with the price obtained, if they had to sell their business today at its current market value. A significant number of respondents (35.9%) are unsure as to whether or not, if they had to sell their business today, they would be happy with the price obtained. A further 34% of respondents expect that they would not be happy with a price based on the current market value of their business.
Based on other responses, it would appear that most respondents believe that the price that they could obtain from selling their business could be improved to a more acceptable range either by continuing to develop that business over time or simply as a result of improving economic conditions, or (most likely) a combination of both.
In such circumstances the optimal action would be to commence planning and implementing improvements to the business immediately so as to be able to leverage the impact of those improvements during the next economic growth cycle.
Given a three to five year lead time, owners can work with their advisors to design an action plan of value improvement strategies which may focus on a number of areas including; restructuring, tax planning, building management teams, diversifying revenue streams, reviewing investment in working capital and/or closing down loss making divisions.