Grant Thornton Thailand is a professional international audit firm with expertise and experience. We provide a high quality, world-class independent audit...
In today's increasingly competitive and regulated market place, organisations - both public and private - must demonstrate that they have adequate controls and safeguards in place. The availability of qualified internal audit resources is a common challenge for many organisations.
At Grant Thornton, our International Financial Reporting Standards (IFRS) advisers can help you navigate the complexity of financial reporting so you can focus your time and effort on running your business.
Headhunter, executive search and recruitment; permanent positions, interim and temp executives; HR assessment tools - We work with you to provide value-added...
Interim executives are fixed-term-contract employees. Grant Thornton's specialist Executive Recruitment team can help you meet your interim executive needs
You may be in another job already but are willing to consider a career move should the right position at the right company become available. Or you may not be working at the moment and would like to hear from us when a relevant job comes up.
We provide retained recruitment services to multinational, Thai and Japanese organisations that are looking to fill management positions and senior level roles in Thailand.
The Applied Reasoning Test (ART) is a general intelligence assessment that enables you to assess the level of verbal, numerical reasoning and problem solving capabilities of job candidates in a reliable and job-related manner.
We provide background checks and employee screening services to help our clients keep their organisation safe and profitable by protecting against the numerous pitfalls caused by unqualified, unethical, dangerous or criminal employees.
In recent months, I’ve written about what it takes to create real momentum within organisations: how leadership, structure, process, and culture each play a role in determining whether the strategy translates into performance. But as we enter the final quarter of the year, I find myself reflecting on something even more fundamental.
Dynamic organisations need a broad range of advisory services to support their ambitions and growth. Our advisory services are designed to help you achieve...
The environment for business is changing faster now than at any time in recent history. Forces such as globalisation and rapid technological changes are...
From time to time, companies find themselves looking for temporary accounting resources. Often this is because of staff leaving, pressures at month-end and quarter-end, or specific short-term projects the company is undertaking.
Whether your business is just starting up, undergoing reorganisation or expanding globally, our dedicated tax and legal team is available to provide...
If your company operates in more than one country, transfer pricing affects you. Grant Thornton’s experts can help you manage this complex and critical area.
Employing foreign people in Australia, or sending Australian people offshore, both add complexity to your tax obligations and benefits – and we can guide you through them.
Companies, large and small, need to focus on core activities. Still, non-core activities are important, and they need to be leaner and more efficient than most companies can make them sustainably. For Grant Thornton, your non-core activities are our core business. Grant Thornton’s experienced outsourcing team helps companies ensure resilience, improve performance, manage costs, and enhance agility in resourcing and skills. Who better to do this than an organisation with 73,000 accountants? At Grant Thornton we recognise that that outsourcing your F&A functions is a strategic decision and an extension of your brand. This means we take your business as seriously as we take our own.
We provide practical digital transformation solutions anchored in business issues and opportunities. Our approach is not from technology but from business. We are particularly adept at assessing and implementing fast and iterative digital interventions which can drive high value in low complex environments. Using digital solutions, we help clients create new business value, drive efficiencies in existing processes and prepare for strategic events like mergers. We implement solutions to refresh value and create sustainable change. Our solutions help clients drive better and more insightful decisions through analytics, automate processes and make the most of artificial intelligence and machine learning. Wherever possible we will leverage your existing technologies as our interest is in solving your business problems – not in selling you more software and hardware.
The finance function is an essential part of the organisation and chief financial officer (CFO) being the leader has the responsibility to ensure financial discipline, compliance, and internal controls. As the finance function is critical in every phase of a company’s growth, the CFO role also demands attention in defining business strategy, mitigating risks, and mentoring the leadership. We offer technical accounting services to finance leaders to help them navigate complex financial and regulatory environments, such as financial reporting and accounting standards, managing compliance requirements, and event-based accounting such as dissolutions, mergers and acquisitions.
Whether you are a local Thai company or a multinational company with a branch or head office in Thailand you are obliged to keep accounts and arrange for a qualified bookkeeper to keep and prepare accounts in accordance with accounting standards. This can be time consuming and even a little dauting making sure you conform with all the regulatory requirements in Thailand and using Thai language. We offer you complete peace of mind by looking after all your statutory accounting requirements. You will have a single point of contact to work with in our team who will be responsible for your accounts – no matter small or large. We also have one of the largest teams of Xero Certified Advisors in Thailand ensuring your accounts are maintained in a cloud-based system that you have access to too.
We offer Staff Augmentation services where our staff, under the direction and supervision of the company’s officers, perform accounting and accounting-related work.
More and more companies are beginning to realize the benefits of outsourcing their noncore activities, and the first to be outsourced is usually the payroll function. Payroll is easy to carve out from the rest of the business since it is usually independent of the other activities or functions within the Accounting Department. At Grant Thornton employees can gain access to their salary information and statutory filings through a specialised App on their phone. This cuts down dramatically on requests to HR for information by the employees and increases employee satisfaction. We also have an optional leave approval app too if required.
In the dynamic world with unprecedented events, it is imperative that organizations balance their risks, controls while capturing the opportunities in order to...
Emerging markets and shifting consumer demand are creating new opportunities in this industry, with business leaders investing in new products, markets and...
Bangkok, Thailand, April 2024 — The Grant Thornton International Business Report (IBR) for Q1 2024 unveils a strikingly optimistic outlook among Thailand's mid-market business leaders, juxtaposed with the looming challenges that will shape the nation's economic future. With a Business Health Index score of 13.5, Thailand outperforms its ASEAN, Asia-Pacific, and global counterparts, signaling a robust confidence that may overshadow critical issues such as demographic changes, skills shortages, and the necessity for digital advancement.
Throughout this workshop, we will delve into the life cycle of companies, examining the stages of growth, maturity, and adaptation. Our focus will extend to the current business environment, where your Company stands today, and how our evolving strategy aligns with the ever-changing market dynamics.
The Revenue Department has introduced the latest tax scheme, the “Easy E-Receipt”, formerly known as “Shop Dee Mee Kuen”. This scheme is designed to offer individuals tax deductions in 2024.
Energy markets worldwide are undergoing major changes. Grant Thornton can help you understand and navigate the challenges, and make sure you have the solutions...
Financial services firms operate under complex and heavy regulation. Grant Thornton’s global network of member firms assists clients with asset management,...
Healthcare is a rapidly changing sector. Providers and commissioners of healthcare face the challenges of rising public expectations, an ageing population,...
Across the globe, not for profit organisations are increasingly expected to deliver more, while at the same time facing cuts in government funding and...
We work with all types of agencies, including central and state government, local government, donors (including bilateral and multilateral international...
While the impact of the prolonged downturn continues to be felt, pockets of opportunity and optimism have emerged within the retail estate and construction...
Rapid change and complexity are norms, and innovation the fuel in the technology industry. Today’s revolutions – including cloud, as-a-service, social media...
The travel, tourism and leisure industry is undergoing dramatic change: consumers are now calling the shots. Grant Thornton’s global network of industry...
Deliberate market focus drives solid growth for Grant Thornton
10 Jan 2020
Global results FY2019: Deliberate market focus drives solid growth for Grant Thornton
London - 10 January 2020:Grant Thornton International Ltd today announced global revenues of USD5.72 billion for the financial year ended 30 September 2019, up 5.1% on 2018. This result represents growth of 6.4% in constant currency terms*.
In particular, the results, in constant currency terms, were driven by:
Investment in 13 strategic growth markets where Grant Thornton sees the highest potential for growth in the mid-market segment. Firms in these countries grew by 12.8% – double the global growth rate – and now account for USD1bn of total global revenue. Growth in these markets was led by Brazil (+26.3%), Germany (+24.3%), India (+21.2%), Japan (+14.4%) and China (+9.9%).
Asia Pacific saw outstanding results from many firms, including those above, which drove growth of 10.7% across the region, nearly double the projected regional GDP growth for 2019.
Solid growth across all service lines with a particularly strong result from advisory (+8.6%), closely followed by tax (+5.9%) and assurance (+4.7%).
A global focus on growing mid-market businesses which are expected to continue to outperform the rest of the market.
The video is playing.This video is playing in mini-player mode.
Peter Bodin, CEO Grant Thornton International Ltd, says: “Our robust 2019 global revenues are the result of a deliberate strategy, focused on quality and culture, which delivered sustainable growth for the network. While business optimism fell around the world in 2019, our firms’ focus on quality and helping clients navigate an increasingly uncertain world has delivered another record result for our network.
“Our investment in strategic growth markets is paying off. With these markets delivering double the growth rate of the rest of the network, we expect this investment to continue to pay dividends over the long-term.
“As clients continue to expand into new territories, transform the way they do business and cope with increasing regulation, we need to evolve and adapt with them. There is also mounting pressure from consumers, investors and regulators to transform business models and build a more sustainable global economy. It’s reassuring to see Grant Thornton firms succeed as we continue to build a sustainable next-generation professional services organisation.”
The strength of the network in key markets around the world was highlighted by the 20 largest firms reporting combined growth of 7.1% in the past year. Other regional highlights include the Americas (+5.7%) with Brazil, (+26.3%), Puerto Rico (+10.1%) and Canada (+8.9%) all recording strong growth; while Europe (+7.9%) saw particularly strong performances from Poland (+24.7%), Germany (+24.3%), Denmark (+21.9%), Spain (+14.9%) and Ireland (+10.4%). The Middle East also reported strong growth across the whole region.
Results for year ending 30 September 2019 in summary:
The Grant Thornton network recorded growth of 5.1% in USD terms with total combined member firm revenue of USD5.72bn (6.4% growth in constant currency terms to USD5.80bn).
The number of people in the Grant Thornton network grew to 56,028 (+6.3% on 2018).
Assurance services made up approximately 39.4% of total revenue (USD2.28bn, +4.7%); tax services accounted for 21.8% of total revenue (USD1.26bn +5.9%) while advisory services, making up 36.1% of revenues, was the fastest growing service line (USD2.09bn +8.6%). Other services accounted for 2.7% of total revenues at USD156m (+7.6%).
25.8% of the growth (USD90.42m) in 2019 has come from mergers and acquisitions - more than in the previous three years. In total, there were 34 deals with the German firm’s merger with Trinavis being the largest by value and English-speaking Canada being the most active by number completed.
The Americas remains the network’s largest market with revenues of USD2.6bn (+5.7%), followed by Europe at USD1.9bn (+7.9%). Particularly strong growth came from the Middle East (+32.1%) and Asia Pacific (+10.7%).
The network also welcomed in five new member firms – Guatemala, Ivory Coast, Jordan, Panama and Paraguay.
