Lockhat Incorporated

Name

Lockhat Incorporated

Legal name

Lockhat Incorporated

Website

https://l-inc.co.za

Company type

Private

Founded year

2008

Operating status

Operating

Ownership category

akta.pro rank

Headquarters

HQ city

Durban

HQ country

South Africa

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Attestation Services: Independent assurance engagements providing opinions on financial statements and regulatory reporting. Includes financial statement audits and reporting to regulatory authorities and third parties.
2. Audit and Risk Advisory: Comprehensive audit and attestation services addressing risks associated with intellectual property, alliances, brand values, e-business, and social responsibility.
3. Accounting Services: Periodic accounting services, monthly management accounts, financial statement reviews, automation of accounting systems, budget and forecast preparation, and year-end planning.
4. Taxation Services and Planning: Corporate and individual tax planning, tax compliance, PAYE and VAT preparation, income tax returns, tax audit representation, and estate tax planning.
5. Family Business Services: Corporate structure, ownership transfer, buy/sell agreements, valuation services, estate planning, and profit enhancement programs for family-owned businesses.
6. High Net Worth Individuals Services: Complex tax situations, business proposition evaluation, family and inheritance issues, financial planning, and wealth maximization for high-net-worth clients.
7. Property Management: Financial management, collections, payment of expenses, property maintenance, and legal services for property portfolios including holiday and commercial properties.
8. Estate Executor Services: Accounting disposition of assets, personal property management, family consultations, and real estate services typically with no upfront fees.
9. Trust and Estate Planning: Trust planning and formation, business succession, charitable trusts, and estate duty mitigation strategies.
10. Business Valuation: Professional valuations using multiple methodologies including capitalization of earnings, dividend growth model, free cash flow discounting, and intrinsic value methods.
11. Business Consulting: Strategic business advice including business process improvement, financing, acquisitions, accounting systems, and succession planning.
12. Cash Flow Management: Cash flow projections including short-term weekly and monthly forecasts and long-term annual and 3-5 year projections.
13. Internal Controls Assessment: Internal control system evaluation, segregation of duties implementation, transaction authorization, and staff training and policy documentation.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels10 records

Core offering

Lockhat Incorporated is a technology-driven auditing and accounting firm offering a suite of professional financial services. Core offerings include Audit and Risk Advisory, Attestation Services, Taxation Services and Planning, Accounting Services, Business Valuation, Property Management, and specialized advisory for family businesses and high net worth individuals. The firm uses computer-based auditing software and electronic work-papers to deliver risk-focused engagements with partner-level involvement.

Product overview

Lockhat Incorporated is a technology-driven auditing and accounting firm offering a suite of financial services. The core offerings include Audit and Risk Advisory Services, Attestation Services, IT Integration (with electronic work-papers and database auditing software), and Accounting Services. These core services are supported by specialized offerings including Taxation Services and Planning, Trust and Estate Services, Estate Executor Services, Business Valuation, Property Management, Family Business Services, High Net Worth Individuals Services, Business Consulting, Cash Flow Management, Internal Controls, and Computer Accounting Software selection and training. The firm also provides an online Financial Calculator Tools page with calculators for Simple Interest, Compound Interest, Amortisation, Mortgage Bond, Profitability Index, and NPV. A Training Platform is currently under development to provide financial literacy education.

Differentiator

Problem solved

Functional benefit

Products and services

• Attestation Services Independent assurance engagements providing opinions on financial statements and reporting to regulatory authorities and third parties, addressing complex risks in rapidly changing business environments.
• Audit and Risk Advisory Services Comprehensive audit and attestation services addressing risks associated with intellectual property, alliances, brand values, e-business, and social responsibility in a virtual and transparent environment.
• Accounting Services Periodic accounting services, monthly management accounts, financial statement reviews, automation of accounting systems, budget and forecast preparation, and year-end planning for businesses.
• Taxation Services and Planning Corporate and individual tax planning, tax compliance, PAYE and VAT preparation, income tax returns, tax audit representation, CGT valuations, and estate planning for clients.
• Family Business Services Corporate structure, ownership transfer, buy/sell agreements, valuation services, estate planning, compensation strategies, and conflict resolution for family-owned businesses.
• High Net Worth Individuals Services Tax planning and compliance, financial planning, estate and trust planning, insurance planning, investment planning, charitable giving, and wealth transfers for wealthy individuals.
• Property Management Services Financial management, collections, payment of expenses, administration services, insurance services, property maintenance, repairs, and legal services for holiday and commercial property portfolios.
• Trust and Estate Services Trust planning and formation, business succession and buy/sell agreements, accounting for trusts and estates, charitable trusts, and consulting in the formation of trusts.
• Business Valuation Services Professional valuations using multiple methodologies for mergers and acquisitions, purchase or sale of ownership interests, buy-sell agreements, divorce proceedings, ESOPs, and litigation support.
• Business Consulting Services Strategic advice on business process improvement, financing, business acquisitions, accounting systems, succession planning, and business startups.
• Cash Flow Management Services Cash flow projections including short-term (weekly, monthly) and long-term (annual, 3-5 year) projections to manage daily cash and plan for additional cash needs.
• Internal Controls Services Assessment of internal control systems to determine efficiency and effectiveness, implementing segregation of duties, transaction authorization, records review, and physical security of assets.
• Computer Accounting Software Services Selection, implementation, and on-site training for accounting software to help accounting offices run smoothly and produce timely and accurate reports.
• Estate Executor Services Assistance in the accounting disposition of assets, personal property management, family consultations, and real estate services to facilitate cash distribution to heirs.

Quantifiable outcome

• After 30 years of supporting clients, accounting services remain at the heart of what they do.
• +1 more outcomes

Named customers3 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Coastal AccountingcoreStrategic or Co-development PartnerExclusive partnership arrangement where Coastal Accounting provides specialized financial services including comprehensive accounting, business consulting, and non-assurance services. Firms retain separate professional identities while partners work closely on intricate financial problems requiring all-encompassing solutions.
• Durban's Super GiantsminorOthersProud sponsors of the Durban's Super Giants cricket franchise, a professional sports team in South Africa.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BDO South Africa: Global mid-tier accounting network operating in South Africa across audit, tax, advisory and outsourcing — competes head-to-head with Lockhat for mid-market and family-business audit and assurance mandates.
• Mazars South Africa: Mid-tier international accounting and audit network with a strong South African presence offering audit, tax and advisory services to mid-market and enterprise clients — directly comparable in positioning, service mix and target segments to Lockhat.
• PKF South Africa: Mid-tier South African accounting and audit network offering audit, tax and advisory services — directly comparable to Lockhat in scale, service mix and target client segments.
• RSM South Africa: Mid-tier international audit, tax and consulting network operating in South Africa — comparable to Lockhat in target market (mid-market businesses, HNWIs, family enterprises) and service portfolio breadth.
• Grant Thornton South Africa: Mid-tier audit and advisory firm in South Africa with a similar mid-market, family-business and entrepreneurial client profile — directly comparable in service breadth, scale and go-to-market approach.
• Crowe South Africa: Mid-tier international audit and advisory network with a South African footprint — comparable to Lockhat in mid-market audit positioning, partner-led engagement model and broad service menu.
• Coastal Accounting: Exclusive strategic partner of Lockhat Incorporated providing accounting, business consulting and non-assurance services in South Africa — operates as a peer in the same professional services market while collaborating on engagements.
• Baker Tilly South Africa: International mid-tier accounting network with South African operations spanning audit, tax and advisory — directly comparable to Lockhat in service breadth and target clientele.

Broad incumbents

• KPMG South Africa: Big 4 audit and advisory firm in South Africa — sets the competitive ceiling on audit pricing, regulatory expectations and talent pool against which Lockhat and other mid-tier firms benchmark.
• Deloitte South Africa: Big 4 professional services firm in South Africa offering audit, tax, consulting and advisory across all major industries — broader incumbent against which Lockhat competes for larger mandates and talent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/DoBusinessBest
• Facebookfacebook.com/dobusinessbetter
• LinkedInlinkedin.com/company/lockhat-incorporated
• Instagraminstagram.com/lockhat_inc
• TikToktiktok.com/@lockhat.inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lockhat Incorporated