Half way
We are nearly at the half way point of the year and like any business we have been busy reviewing our progress to date. If I was to mark ourselves on our Key Performance Indicators (KPI’s)I would give ourselves a sound “Pass” mark – with a could still do better (sounds like one of my own school reports from many years ago).
One of the core KPI’s in any business is revenue growth and in this regard Lock Finance has been doing well and we need to thank the Accountants and Professional Advisors who have been a significant contributor to our new business growth.
This growth has come from new clients based throughout NZ, from Auckland down to Napier, Christchurch and Timaru, and across a range of industries including recruitment, contracting, engineering, food import / wholesale.
On the economy the NZIER in their June media release advise that the NZ economy is recovering. They are indicating that economic growth will average 2.7% over the next 3 years.
Bank economists are advising that their customers are showing extremely positive sentiment for the economy for the rest of the year. This is on the back of the recent fall in the NZD/USD rate and announcement of the increase in the milk solid payout which will have a positive impact on most export sectors together with the flow on effect throughout most of this large diary farm we call NZ. However the recent drought will have an impact but conditions will remain sound.
The recent BNZ confidence survey says 28% of businesses are thinking about raising their debt levels. From Lock’s point of view not all of these will be able to achieve the ideal of bank funded debt, however we are always prepared to see if we can assist with our working capital facilities.
We have also had the pleasure of delivering new Ipads for the introduction of new clients to Lock Finance.
These were very warmly received and at the same time we were asked whether the offer would be continued. We do wish to continue with a special offer, so here it is:
Special Offer for the months of July and August. A Samsung 32 HD Smart LED Television. See below for details.
Good luck with your own businesses and we look forward to hearing from you.
Craig Brown
General Manager Lending