About Us

Our prime goal is to help New Zealand businesses grow through the use of a number of business lending tools. As New Zealand's leading independent business finance and factoring service provider we set ourselves apart through three key factors, ownership, people and a flexible product portfolio.

Ownership

We think it counts for something when all of our operational and strategic decisions are made in New Zealand. Additionally, as a company within the Amalgamated Dairies Group, we have a shareholder that has a demonstrated track record in business success and commercial finance, that truly understands the domestic and international challenges experienced by the New Zealand business community, especially their involvement in importing and exporting.

We have been established since 1889 and are 100% New Zealand owned. We are proud of our history and it is an essential part of who we are. However, just as importantly, it has enabled us to continuously develop our capability as a specialist business funding provider.

Our approach

Like many of our clients we are a medium-sized company. We know that time is money and have designed our systems and processes to make life easy. They combine both flexibility and fast response which means we take immediate action when any client issues arise.

We service niche markets where we can add value through premium service industry knowledge.

And each client has two points of contact with us, so all queries are dealt with accurately and promptly.

Testimonials

Walker SEP Surveyors & Planners

Bruce Walker founded Walker SEP Surveyors & Planners 30 years ago. Since then, the company has been a key player in a number of New Zealand and international projects. From 18 years of expansion and terminal building projects at Auckland International Airport, roading and airport in American Samoa, the Marshall Islands and Tonga. Plus heavy industrial projects like New Zealand Steel at Glenbrook and most of Auckland’s key landmarks including the Aotea Centre, Sky City Casino Botany and Sylvia Park Shopping Centre.

“While we have been established for 30 years, the last 5 years of the global financial crisis and our link in the chain of the building industry has put pressure on our debtors ledger.

Our bank – the ASB put us on to Lock Finance and we’re very glad they did. The transition has been seamless. The Lock team has been brilliant to deal with and being able to continue to deal with our own creditors has been great. We have had and continue to have very positive relationship with Sean, Shanil and the rest of the team at Lock.

We won’t need their services forever but we couldn’t have found a better fit to meet our current needs.”

 

GS Pacific - bringing spice to your life

Phil Richards

GS stands for Global Solutions and it imports and distributes Indian food products. It is the second business I’ve been able to develop with support from Lock Finance (the other being www.Smartpayroll.co.nz – NZ’s #1 Cloud Payroll Company).

I bought GS Pacific at the end of 2008 just before the global financial crisis kicked in and life got pretty tough. Because we were buying goods in advance in India and we had to pay for them before shipping, we had a very bad cash flow cycle. It could take up to six months before we were paid and I needed the cash back so that we could reinvest in more stock if we were to grow the business.

By selling the debtors to Lock Finance through their factoring service I was able to get the cash back quickly. The cost of the service was negligible compared to the money I could make by reinvesting in the business. I was able to get a whole bunch of products into the New Zealand supermarket chains and over the space of three years we tripled the turnover from $1 million to $3 million and drove the profit from $150,000 a year to more than $750,000.

At the end of the day we were only successful in the business because of the assistance we got from Lock Finance in factoring our debtors.

GS Pacific is currently associated with India, China, Hong Kong, Malaysia, Dubai, USA, UK, Germany, and Australia. It was set up to bring authentic Indian Food made in India onto the dining tables of every Aussie and Kiwi down under that was healthier too than the takeaway versions.

GS Pacific was successfully sold in November 2011 for a very healthy profit and my latest project is building a chain of accounting practices specifically for business owners who want to grow their businesses. www.smartbusinesscentre.co.nz