• Case study: Everhard Industries Pty Ltd
Case Study:

Everhard Industries Pty Ltd

28 July 2020

Everhard Industries Pty Ltd has been supplying its goods and services since 1926. From humble beginnings making pre-cast concrete laundry tubs in Bulimba, this Queensland, family-owned manufacturer, importer and distributor of polymer and concrete products has grown nationally and internationally from its Brisbane head office. Its growth is built on strategic diversification, having expanded its tub range to polymer and stainless steel, while also evolving to include drainage and wastewater products used for residential, commercial and civil construction.

Since Everhard Industries switched to BDO, the leadership team has felt totally and continually supported. The organisation’s growth resulted in the need for an auditor who could remain at the forefront of reporting requirements, providing up-to-date and relevant financial information specific to a manufacturer. Since appointing the BDO team, led by Cameron Henry, Everhard Industries has not looked back.

Sue Boyce, Chair of Everhard Industries, has been consistently impressed with Cameron’s team and the add-on services BDO can offer. When the effects of the COVID-19 pandemic came to light, Sue, like many in the manufacturing industry, was initially concerned. Her workforce did not have the option to work from home and the launch of many products was delayed as customers and merchants dealt with their own organisational changes. Despite this, Everhard Industries’ commitment to remaining an Australian manufacturer known for its exceptional service, could not be derailed because, as Sue explains, “our customers were working hard regardless of the environment, and so would Everhard Industries.”

At the height of pandemic, information about Government assistance packages added confusion as Sue and her team were faced with rapidly changing information that lacked sufficient detail relevant to Everhard Industries’ current processes. Cameron Henry and BDO’s Audit and Assurance team helped guide Everhard Industries’ in-house finance team, providing useful and timely information and suggestions, so the team was well equipped to function effectively. BDO’s advice and up to date information provided the reassurance needed during uncertain times.

Although delays were inevitable because of the operating climate, Everhard Industries is now looking forward to an exciting growth period. The organisation is constantly seeking to broaden its markets, whether by remaining on the lookout for suitable acquisitions or making innovative additions to its product lines.

If you are looking for a specialist audit team focused on the bigger picture, or you would like to learn more about sustaining your operations and compliance practices throughout the COVID-19 disruption, contact a BDO audit specialist today.

Since we switched our audit and assurance services to BDO, we’ve had the sense that someone has our back. With BDO, we feel that important information and advice is just a phone call away.”

Sue Boyce, Chair, Everhard Industries

Business tool: Family Business Rule Book

Every family business is unique, shaped by its own set of distinctive personalities, objectives and relationships. There are, however, challenges that are common to all family businesses.

The Family Business Rulebook expands on these issues and provides some practical guidelines to help increase the success of the family business.