grant thornton baltic- latvia

What grant thornton baltic- latvia does

Grant Thornton Baltic SIA is a Riga-based private professional-services firm serving enterprise and mid-market companies, government entities, private-equity firms and investors, and international businesses. Its service portfolio includes audit and assurance, corporate accounting and payroll outsourcing, tax advisory, financial and business consulting, legal advisory, real estate and business valuation, data protection, and information security. The firm reports more than 1,500 active clients in Latvia, 70+ employees in Latvia, 350+ employees and 23 partners across the Baltic region, and a fifth-place position among audit and accounting companies in Latvia.

The firm earns professional-services revenue through customized, quote-based engagements sold directly by partners and senior professionals. Audit, accounting and payroll outsourcing, tax, and data-protection work form part of its client-service mix, while M&A, due diligence, valuation, restructuring, forensic, and legal projects provide project-based work. Grant Thornton Baltic is a licensed Latvian audit company, License No. 155, and a member of Grant Thornton International Ltd; it operates through six Baltic offices with access to a network spanning 130+ countries. Its operating tools include proprietary Voyager audit software for audit project management and execution and BPS accounting automation, neither of which is disclosed as an AI or machine-learning capability.

Name

grant thornton baltic- latvia

Legal name

Grant Thornton Baltic SIA

Website

https://grantthornton.lv

Company type

Private

Founded year

2008

Operating status

Operating

Short description

Grant Thornton Baltic SIA is a Riga-based professional services firm providing audit, accounting, tax, legal, valuation, data-protection, and transaction advisory services to enterprises, mid-market companies, government entities, and international clients across the Baltic region.

Ownership category

akta.pro rank

Product category

Audit and Business Advisory Services

NAICS

Offices of Certified Public Accountants (541211)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Legal Services (8111), Services-Management Services (8741)

akta.pro primary industry

Business Valuation (Private Companies & Equity Interests) (BPAHANAA)

Keywords

• Audit and assurance services
• Tax advisory services
• Accounting outsourcing
• Business valuation services
• Legal advisory services

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Audit and Assurance Services: Statutory audit of annual and consolidated financial statements for public interest entities and other entities. Revenue from audit services includes statutory audits and permitted non-audit services to audited entities.
2. Tax Advisory Services: Tax consulting including VAT, corporate income tax, transfer pricing, tax risk management, due diligence, international taxation, and taxation of private individuals.
3. Accounting and Outsourcing Services: Corporate accounting, payroll outsourcing, full-cycle accounting, financial reporting, consolidated annual reports preparation, and outsourced CFO services.
4. Financial and Business Advisory: Business valuation, M&A advisory, due diligence, reorganisation and restructuring, forensic financial advisory, business planning and financial forecasting.
5. Legal Advisory Services: Corporate law, commercial law, labor law, civil law, insolvency law consultations and document preparation.
6. Real Estate Valuation Services: Valuation of industrial, commercial, residential properties, business and specialized properties, and enterprise assets.
7. Data Protection Services: GDPR audit, DPO as a service, data protection advisory, data protection impact assessment, and information security audit.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Grant Thornton Baltic provides fee-based professional services including statutory audit and assurance, corporate accounting and payroll outsourcing, tax advisory (VAT, corporate income tax, transfer pricing, international taxation), financial and business consulting (due diligence, M&A, valuation, restructuring, outsourced CFO), real estate valuation, data protection/GDPR advisory, and legal advisory services to enterprise, mid-market, and government clients across Latvia, Estonia, and Lithuania.

Product overview

Grant Thornton Baltic is a professional services firm providing a comprehensive suite of advisory services across the Baltic region. The offering consists of core service lines including Assurance (audit), Corporate Accounting and Outsourcing, Tax Services, Financial and Business Consulting, Real Estate Valuation, Data Protection and Information Security, and Legal Advisory. These services are delivered through a unified professional team rather than a software product platform, with clients gaining access to integrated expertise across all Baltic states through the firm's regional offices.

Differentiator

Problem solved

Functional benefit

Products and services

• Assurance Services (Audit) Statutory audit of annual and consolidated financial statements, agreed-upon procedures, regulatory compliance procedures, in-depth company examination, and consultation and training on financial accounting. Delivered by Latvian licensed auditors (Licence No. 155) to public-interest entities and other companies.
• Corporate Accounting and Outsourcing Full-cycle accounting services including payroll outsourcing, tax reporting preparation, financial statement preparation, consolidated annual report preparation, accounting automation (BPS), and outsourced CFO services for enterprises and mid-market companies.
• Tax Advisory Services Tax advisory covering VAT, corporate income tax, transfer pricing documentation, tax risk management (TRM) documentation, tax due diligence, daily tax consultations, international taxation, and personal income tax for individuals and businesses.
• Financial and Business Consulting Advisory services including due diligence, mergers and acquisitions, reorganisation and restructuring, business valuation, forensic financial advisory, business planning and financial forecasting, and outsourced CFO services.
• Real Estate Valuation Property valuation services covering business and specialised properties, industrial facilities, commercial properties, residential properties, valuation for various purposes, and enterprise asset valuation; delivered by Recognized European Valuers (TEGoVA).
• Data Protection and Information Security Data protection services including GDPR audit, DPO as a service, data protection advisory, data protection impact assessment, and information security audit.
• Legal Advisory Legal consultation services covering commercial law, labor law, corporate consulting, transaction consulting, legal due diligence, and daily in-house lawyer support.

Named customers16 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Grant Thornton International Ltd (GTIL)coreStrategic or Co-development Partner · 10 February 2012Grant Thornton Baltic SIA is a member firm of Grant Thornton International Ltd, a worldwide audit and business advisory association. GTIL is the umbrella organization providing governance, standards, and network support to independent member firms operating in over 130 countries with over 43,000 employees.
• Latvijas Zvērinātu revidentu asociācija (LACA)coreOthersLatvian Association of Certified Auditors is the independent professional organization bringing together certified auditors and audit firms in Latvia. Grant Thornton partner Raivis Irbītis was re-elected to the Board of LACA. Ieva Aizsila serves on the LACA Examination Committee.

Scale indicators12 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• EY Latvia: Big Four firm with Latvian presence providing audit, tax, transaction, and consulting services. Competes for the largest audit and advisory mandates that Grant Thornton Baltic cannot pursue.
• KPMG Latvia: Big Four professional services firm with Latvian operations offering the full spectrum of audit, tax, legal, and advisory services. Significantly larger than Grant Thornton Baltic and dominant in enterprise audit mandates.
• Deloitte Latvia: Big Four firm with established Latvian operations offering audit, consulting, tax, and advisory services. Sets the competitive ceiling on enterprise audit market share for Grant Thornton Baltic.
• PwC Latvia: Big Four firm with Latvian operations providing audit, tax, and advisory services. Dominant in large-enterprise audit and consulting mandates across the Baltic market.

Direct peers

• Baker Tilly Baltic: Global Tier-2 accounting and advisory network operating across the Baltic States. Direct competitor in the same mid-market and enterprise audit, tax, and advisory segments with comparable service breadth and member-firm structure.
• Mazars Baltics: International audit, tax, and advisory network with Baltic operations. Competes directly with Grant Thornton Baltic for mid-market and enterprise engagements across audit, tax, and consulting services.
• RSM Latvia: Global Tier-2 audit and advisory network with Latvian member firm. Competes for the same mid-market audit, tax, and advisory engagements as Grant Thornton Baltic.
• BDO Latvia: Global Tier-2 professional services network with established Latvian presence. Direct competitor across audit, tax, and advisory services targeting similar enterprise and mid-market clients.
• Nexia International Latvia: Global accounting network with Latvian member firm offering audit, tax, and advisory services. Direct peer in the second-tier professional services segment serving Baltic enterprise clients.
• Crowe Latvia: Global Top-10 accounting network with Latvian member firm. Direct peer competing for mid-market audit, tax, and advisory clients with comparable service offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/grant-thornton-baltic-latvia

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 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 →

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