070917_KPGHL_Annual Report 2017_final_PREVIEW

Recommendations

Info

Kelly+Partners is a single-brand owner-driver network focused on providing accounting and taxation services to private SMEs. Overview Introduction Kelly+Partners is a single-brand, owner-driver network primarily focused on providing accounting and taxation services to private SMEs. The network comprises of 16 majority-owned businesses across 13 locations, and includes specialist businesses in tax consulting, wealth management and strategy consulting. Our offices are spread across Greater Sydney, with a finance and bookkeeping function located in Hong Kong. Typically, the accounting firms which service the domestic SME market are highly fragmented and spread across more than 30,000 small private practices 1 , with varying degrees of expertise and service. With over 5,300 active SME client groups today, Kelly+Partners is well positioned to further develop its position in this segment of the accounting market. Kelly+Partners sees the fragmented market structure of the private SME segment as a significant opportunity to increase market share going forward. Our existing client base consists of stable, long-term relationships with SME owners who typically have a growing demand for taxation and compliance services. The foundation of these relationships is Kelly+Partners’ commitment to operational excellence and our investment in staff training and development, that delivers premium quality client service. Kelly+Partners Group Holdings Limited (the 'Company') provides three key services to the underlying majority-owned and controlled Operating Businesses: + + Intellectual Property – Proprietary systems and single-brand marketing to drive better revenue performance. + + Centralised Services – Optimisation of back office functions to improve margins and cashflow within the underlying accounting network. + + Operating Business Model – Using an owner-driver model, the Company acquires a majority interest (>50%) in the Operating Businesses to drive long-term strategic alignment, and help solve the succession dilemma. Going forward, Kelly+Partners growth strategy includes a combination of organic growth in existing businesses, network expansion through new Operating Businesses and establishment of greenfield sites, as well provision of new services such as tax consulting and wealth management / SMSF. Kelly+Partners Business Model The Company's business model is to: Provide Intellectual Property Provide Centralised Management Services Aquire a Majority Equity Stake in SME-focused accounting and taxation business with an owner-driver structure. 1 Management estimates. 28 KELLY+PARTNERS ANNUAL REPORT <strong>2017</strong>
History Kelly+Partners was established in 2006 to provide a better service to private business owners, and in 2007 started investing in private chartered accounting firms in the Greater Sydney area. The owner-driver Operating Business structure was modeled on a >50% Company Subsidiary /
Page 1 and 2: Annual Report 2017
Page 3 and 4: Insight 4 It’s not the latest man
Page 5: Mission To help private business ow
Page 9: Message from the Chairman & CEO
Page 13: Strategic Intent
Page 17 and 18: Performance Highlights
Page 19 and 20: Underlying Pro forma FY17 NPATA* at
Page 21: Services Accounting, Taxation, Audi
Page 24 and 25: Global tax megatrends Management be
Page 26 and 27: The Australian accounting and tax m
Page 30 and 31: Kelly+Partners Operating Businesses
Page 32 and 33: Strategy Kelly+Partners has seven s
Page 34 and 35: Pressure points for smaller account
Page 36 and 37: Key Elements of the Business Model
Page 38 and 39: Client base Kelly+Partners’ prima
Page 40 and 41: Target Geographic Locations in Grea
Page 43 and 44: Kelly+Partners Network
Page 45: SOUTH WEST SYDNEY NORWEST CENTRAL T
Page 48 and 49: Community engagement and corporate
Page 51 and 52: Board of Directors and Senior Manag
Page 53 and 54: Director details Pauline Michelakis
Page 55 and 56: 2017 Financial Report
Page 57: Contents CORPORATE DIRECTORY 59 DIR
Page 60 and 61: Kelly Partners Group Holdings Limit
Page 62 and 63: Directors' Report | 30 June 2017 Si
Page 64 and 65: Directors' Report | 30 June 2017 In
Page 66 and 67: Directors' Report | 30 June 2017 Co
Page 68 and 69: Directors' Report | 30 June 2017 De
Page 70 and 71: Directors' Report | 30 June 2017 Ad
Page 72 and 73: 72 KELLY+PARTNERS ANNUAL REPORT 201
Page 74 and 75: Consolidated Statement of Financial
Page 76 and 77: Consolidated Statement of Cash Flow
Page 78 and 79:
Notes to the Financial Statements |
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Deloitte Touche Tohmatsu ABN 74 490
Page 110 and 111:
In connection with our audit of the
Page 112 and 113:
Additional Information for Listed P
Page 114 and 115:
Brett Kelly Scott Elwin Craig Bullo
Page 116 and 117:
Private Businesses Family Business
show all

070917_KPGHL_Annual Report 2017_final_PREVIEW

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?