NZ Business Register
About 50,000 new companies are registered in New Zealand each year, reflecting the nation's enduring culture of entrepreneurship. But every year, some 40,000 companies are also removed from the register, demonstrating that while founding a business is one thing, maintaining it can prove challenging.
According to statistics, only roughly 40% of new companies survive past their third year of operation, highlighting the value of careful planning and perseverance in the early stages of development. Lack of planning, cash flow challenges, and industry-specific obstacles like high-risk construction projects or narrow profit margins in retail are the main causes of many of these closures. Due to their limited resources and frequent exposure to fierce competition, small enterprises are especially vulnerable.
A company may have ceased operations, closed voluntarily, or failed to make the necessary files in order to be struck from the business register. Businesses that lose shareholder interest or fall behind on their tax payments may also be deregistered. Ultimately, maintaining a business's operations and growth over the long term depends on being informed and routinely evaluating its financial and operational strategy.
The New Zealand Business Register allows users to filter search results by a variety of fields to help locate specific types of entities. Here are some common filters available:
Entity Type: You can filter by type, such as companies, sole traders, trusts, partnerships, not-for-profits, and other organisational structures.
Location: Users can narrow searches by region or location within New Zealand, which is helpful for finding businesses operating in a specific area.
Status: Filters by active or removed status, allowing searches for currently operating businesses or those recently removed from the register.
Date of Registration: You can filter by registration dates, which can be useful for locating new businesses or those registered within a particular timeframe.
Industry or Sector: Some searches allow filtering by specific industries or sectors, helping users find businesses within a certain field.
For full details on these filters and to access the New Zealand Business Register, visit the Companies Office website.
Assessing these factors can help you determine whether it's time to hire a bookkeeper to ensure your financial health and support your business growth.
By dedicating some time to familiarise yourself with these tools, you can maintain accurate financial records, ensuring a clear picture of your financial health without the need for professional bookkeeping services.
Working with Ako Cash Flow, you will not find traditional bookkeepers but rather a team dedicated to empowering you to become your own bookkeeper. Our approach focuses on providing you with the tools and knowledge necessary to manage your finances confidently and effectively. Through our resources and support, you will learn how to track your income and expenses, understand cash flow management, and make informed financial decisions that align with your goals. We believe that by equipping you with these essential skills, you can take control of your financial journey and foster long-term success in your personal or business finances.
