Waikato Business News October/November 2022
Waikato Business News has for a quarter of a century been the voice of the region’s business community, a business community with a very real commitment to innovation and an ethos of co-operation.
Waikato Business News has for a quarter of a century been the voice of the region’s business community, a business community with a very real commitment to innovation and an ethos of co-operation.
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8 WAIKATO BUSINESS NEWS, OCTOBER/NOVEMBER <strong>2022</strong><br />
<strong>Waikato</strong> businesses showcase<br />
growth on Deloitte Fast 50 indices<br />
Hamilton-based concept development<br />
and prototype production company<br />
Torutek has been ranked the fastest<br />
growing <strong>Waikato</strong>-based company,<br />
placing sixteenth on the Deloitte Fast<br />
50 index with 305% revenue<br />
growth over the past three years.<br />
The annual Deloitte<br />
Fast 50 index ranks<br />
businesses experiencing<br />
rapid revenue growth<br />
over three years and sets the<br />
benchmark for high growth<br />
businesses in New Zealand.<br />
Auckland-based game design,<br />
development and publishing<br />
studio Legend Story Studios<br />
Trading took out number one<br />
spot on the <strong>2022</strong> index with an<br />
unprecedented 6416% revenue<br />
growth.<br />
“This year we’ve seen a<br />
number of organisations catapult<br />
to the top of the Fast 50<br />
index, as well as the highest<br />
growth percentage we’ve ever<br />
seen,” Deloitte private partner<br />
Bill Hale says.<br />
“It’s clear that some organisations<br />
have continued to<br />
thrive despite some tough economic<br />
times in recent years<br />
and have shown that what<br />
would have once been thought<br />
impossible, is indeed possible.<br />
It has also been interesting to<br />
see the mix of industries featured<br />
on the indices this year,<br />
with retail, technology, industrial<br />
products and construction,<br />
and food and beverage<br />
seeing particular growth.”<br />
It’s clear that some<br />
organisations have<br />
continued to thrive<br />
despite some<br />
tough economic<br />
times in recent<br />
years and have<br />
shown that what<br />
would have once<br />
been thought<br />
impossible, is<br />
indeed possible<br />
A number of <strong>Waikato</strong>-based<br />
businesses also featured<br />
on the Master of Growth<br />
index which ranks the 20 fastest<br />
growing established businesses<br />
achieving longer term<br />
sustained growth. It ranks<br />
businesses starting from a<br />
larger revenue base, and over<br />
five years of revenue growth.<br />
Civil construction firm<br />
Waipa Civil saw 277% revenue<br />
growth over the last five<br />
years, with outdoor and adventure<br />
equipment brand Zempire<br />
Camping achieving 208%<br />
growth, and clothing and<br />
accessory design production<br />
and supply company Global<br />
Velocity Group rounding out<br />
the <strong>Waikato</strong> representation<br />
with 180% revenue growth.<br />
“The Deloitte Fast 50 is<br />
a celebration of fast-growing<br />
Kiwi businesses right across<br />
the country, of all shapes and<br />
sizes. And once again, has<br />
showcased the innovators and<br />
entrepreneurs of New Zealand<br />
business who have, against the<br />
odds, adapted to thrive in the<br />
current market,” Hale says.<br />
To learn more about<br />
the Deloitte Fast 50 programme<br />
and all of this year’s<br />
winning companies, visit<br />
www.fast50.co.nz<br />
CELF bringing leaders and community together<br />
CELF alumni Class of 2020, Power Farming coowner<br />
and executive director Brett Maber found<br />
friendship, validation and personal growth on the<br />
Elevate Leadership Programme.<br />
The<br />
eight-week<br />
programme, delivered<br />
over the course of eight<br />
months brings together established<br />
leaders from different<br />
kinds of organisations, in an<br />
effort to increase the elevation<br />
and social impact of all participants.<br />
CELF believes in the<br />
positive impact that connected,<br />
responsible leaders have on their<br />
community. Brett describes his<br />
journey as a business leader like<br />
building a Lego set without the<br />
instructions.<br />
He knew Power Farming was<br />
achieving at the top of its game<br />
in New Zealand as well as keeping<br />
pace with international players<br />
in the farm equipment field.<br />
“With CEFL it was like<br />
someone had run me through<br />
the instructions and it was nice<br />
to know that through trial and<br />
error, and experience that I had<br />
worked out a lot of the ways to<br />
do things over the 20 years in<br />
the business. For my own personal<br />
growth there was that validation<br />
aspect to it which was<br />
quite nice,” he says.<br />
Spending time on the CELF<br />
journey, affords participants the<br />
time to step into a setting that is<br />
separate from their day-to-day<br />
business life to reflect on what<br />
they’ve achieved, what they<br />
want to achieve and the vison<br />
they have for their business and<br />
their team.<br />
As well as validating what<br />
he was already doing, CELF<br />
gave Brett a space to check in<br />
on Power Farming’s business<br />
model and success, alongside<br />
a group of people from a<br />
diverse range of businesses and<br />
organisations.<br />
“It really invigorated you<br />
to go back and use a lot of the<br />
things you've learned on your<br />
business. That’s one of the<br />
things that I found really cool<br />
about CELF is that 99% of the<br />
content was really relevant.<br />
You almost had steam pouring<br />
out of your ears after most sessions<br />
because it really ignited<br />
that spark to try new things and<br />
to be able to implement things<br />
throughout the business.”<br />
Every CELF business alumni<br />
is matched to a not-for-profit<br />
leader who they sponsor thought<br />
the programme and walk alongside<br />
them in the same year-long<br />
leadership journey.<br />
“Tanya and the team put two<br />
or three applications in front of<br />
you. There's no real tie up apart<br />
from the acknowledgement<br />
from that person that this business<br />
is the one that's actually<br />
funding you through.”<br />
In Brett’s case, the match<br />
with Thomas McNabb from The<br />
Waterboy couldn’t been a better<br />
fit.<br />
The Waterboy’s goal is to<br />
make sport and personal development<br />
activities an achievable<br />
option for every kid.<br />
A rugby fan and junior coach,<br />
Brett knew this was a charity he<br />
could easily get behind. To top<br />
it all off they both attended St<br />
Pauls’ Collegiate, albeit Thomas<br />
was there several years after<br />
Brett.<br />
“Thomas is the nicest guy<br />
you'll ever meet. I totally get the<br />
charity that he runs and think<br />
it's fantastic,” he says.<br />
The pair developed a good<br />
friendship over the year on<br />
CELF and Brett still considers<br />
Thomas a good mate.<br />
“Just seeing his passion for<br />
what he does and the kind of<br />
person he is, it's really neat that<br />
we can we can help support his<br />
cause as well.”<br />
Brett and Power Faming<br />
also got behind another of<br />
Thomas’ initiatives, the Taka<br />
Wairua Tupu Program, a personal<br />
development for rangatahi<br />
youth aged 16- and 17-year-olds<br />
at schools in the Piako area.<br />
“To actually hands-on see<br />
what that programme does for<br />
some kids that could be heading<br />
down the wrong paths and to see<br />
them graduate is awesome.”<br />
Witnessing the transformation<br />
of a young woman they<br />
sponsored on the programme<br />
made such an impact that she<br />
was recently offered fulltime<br />
work at Power Farming.<br />
“She's doing really well,<br />
is proactive and one of our<br />
up-and-comers which is pretty<br />
cool, right? She really excelled<br />
despite a tough home life sometimes<br />
and now to be able to offer<br />
her the opportunity. I'd love<br />
to continue that story on and<br />
see where that goes. But that's<br />
exactly why we do it.”