• Tailoring compliance for a world first seafood product
Case Study:

Australian Bay Lobster Producers Limited (ABLP)

25 October 2018

The business issue

Australian Bay Lobster Producers Limited (ABLP) produce, process, market and distribute fresh chilled/frozen soft‐shell Bay Lobster (otherwise known as Moreton Bay Bugs) of high quality and standardised sizes to domestic and international markets. 

After identifying opportunities in seafood and recognising the inherent difficulties of continuously supplying standardised wild caught product, the company became interested in seafood production and subsequently began the search for a high value product with strong market potential suitable for aquaculture. They needed a trusted business adviser who could help them on their journey while meeting the compliance requirements along the way.

The solution

As a full disclosing public unlisted entity and a world first start-up they needed to find the right partner. In 2014 BDO was engaged by ABLP to provide the ongoing audit, tax, and business services because of its reputation and full service offering. They wanted to set the governance standards of the highest quality and were interested in response times and engagement, by not only the partners and managers, but the staff they were working with every day.

“Be it audit planning, tax review or issues we encounter being a start-up, BDO has consistently delivered a transparent, professional and ethical response each time their services have been required. They have delivered on a cost/value relationship all of the time and across all staff and divisions within the firm”

“Being a startup our holders are mindful of cost/value, longevity in the relationship, trust, decency, ethical and professional. BDO deliver on this at all times.”

BDO’s team of audit specialists and technical experts focus on the bigger picture and can help connect you with other business needs.

If I was asked to describe BDO Australia and Tim in a few words, I’d say: professional, decent, transparent, honest, and very ethical. The relationship has just been tremendous.”

John Bryant, Finance Director, Australian Bay Lobster Producers

Speak to the BDO team to find out how they can help you plan for now and the future. Contact us here.

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