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SEQ Drilling

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Client Background
We are for business owners, the ones who had a dream...
SEQ Drilling, a leading player in the utility projects industry, offers end- to-end solutions for civil construction, including trench digging and optic fiber installation. With a focus on delivering top-quality services, SEQ Drilling faced unique challenges tied to equipment investment, cash flow, and business sustainability.
The Challenge
Don’t settle for anything less than achieving that dream
In an industry dependent on high-value equipment and skilled teams, SEQ Drilling grappled with multiple complexities:
  • Equipment Investment: The need for expensive equipment, costing hundreds of thousands of dollars each, strained their financial resources.
  • Cash Flow Management: Working with clients who paid on a 30-day end-of- month cycle meant managing cash flow efficiently was paramount.
  • Sustainable Growth: As they secured more contracts and experienced rapid growth, the risk of growing broke was very real
Our Solution
We're your financial performance partner, offering expert advice
To address these challenges, SEQ Drilling turned to Watson & Watt for comprehensive accounting, tax, and business advisory services:
Accounting & Tax
We manage BAS, income tax, and financial statements, ensuring financial compliance and clarity.
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Tax Planning
Our team provided strategic tax planning to plan and minimize taxes.
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Bookkeeping
We handle the meticulous bookkeeping tasks, ensuring accurate, relevant and timely data for management.
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Business Consulting
We implemented an accountability program and performance check-ins to keep SEQ Drilling on track towards its goals.
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The results
We are doing right, only doing it once
The results of our partnership have been transformative for SEQ Drilling:
  • Financial Clarity: SEQ Drilling now possesses real-time financial data, enabling better cash flow management. They have a clear understanding of tax obligations and are always on the front foot with the Australian Taxation Office (ATO).
  • Accountability: Our accountability program and performance check-ins have kept SEQ Drilling focused on task completion and goal achievement.
  • Strategic Connections: Leveraging our network of trusted professionals, we connected SEQ Drilling with an equipment finance broker who facilitated funding for essential equipment, supporting their growth trajectory.
  • Expanding Operations: Today, SEQ Drilling operates two full-time crews, delivering projects for a prestigious list of Tier 1 clients.
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not just another accounting firm not another accounting firm
Think of us as your growth partner
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