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.
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
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.
Our team provided strategic tax planning to plan and minimize taxes.
We handle the meticulous bookkeeping tasks, ensuring accurate, relevant and timely data for management.
We implemented an accountability program and performance check-ins to keep SEQ Drilling on track towards its goals.
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
- 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.