A former senior manager at New Zealand Wool Spinners' Dannevirke plant has been found guilty of corruptly accepting gifts.

Ian Edward Watson, 63, of Paihia, was found guilty on three counts of accepting gifts in the form of travel and $40,000 from William Knape's Dyetex Agencies.

Watson, who worked at the New Zealand Wool Spinners' Dannevirke plant, was also convicted of two counts of failing to declare secret payments to the tax department.

But Watson was cleared of one charge of corruptly accepting a gift and one of using a document with intent to defraud.

He was remanded on bail for sentencing next month by the High Court at Auckland.