BMD

BMD is one of Australia's largest privately owned construction, consulting and urban development organisations.

The success of this organisation since its inception in 1979, has been realised through a relationship based approach that is fundamental to it’s business philosophy.

Today, approximately 1,200 BMD staff work throughout Australia, employing the values on which the organisation was founded to deliver outcomes of the greatest mutual benefit.

BMD became a Grant Thornton client in 2003. Throughout our relationship, Grant Thornton Australia has provided audit and tax services to the group and it’s owners, and has seen the business grow it’s revenue from $100m to close to $1b.

“While maintaining their professional integrity and independence, our relationship with Grant Thornton has added value to our business,” said Craig Mortensen, Group Executive Director and Chief Financial Officer of the BMD Group.

“The team show genuine interest in our business and industry sector. The partners and senior managers at Grant Thornton are always available to discuss areas of concern and respond promptly when contacted with well researched response to our queries. They always take the time to explain the reason for their position, including reference to relevant accounting standards and interpretations. They have taken the time to develop relationships with members of our finance team at all levels.”

“Regular business updates from Grant Thornton have been invaluable. They have allowed us to plan for changes and adapt our business model to mitigate any adverse impacts. Our Grant Thornton team regularly identifies issues, such as the accounting treatment of certain transactions during the acquisition or divestment process, that could be addressed immediately rather than waiting to deal with them as part of the year-end audit. This approach expedites the end of year process and provides the Board with confidence in the reported results prior to audit sign-off.”