Spry Holdings
Agile partnership for a rapidly scaling business
When Sam Rasheed's civil construction business grew by 6x in just a few years, he knew he needed an accountant who could handle that kind of complexity and pace of change. That's when he found Inspired Accounting’s founder Patrick at another firm and has been with him even since.
Protecting a fast-growing business
In a few years, Spry has grown from Spry Civil Construction, a company with 7 staff, to a group of entities that include a concrete batching plant, a concrete pumping business and a stone-crushing business which has approximately 45 staff.
With so much complexity and high capital investment, it was important Sam had the right structures in place to protect his businesses.
We provided detailed strategic planning that tackled complex challenges around tax minimisation, risk reduction, and succession. This including structuring Spry Holdings' multiple entities to support Sam’s goals, both for short-term growth and long-term succession.
“They are very thorough and experienced in tax and risk minimisation to get the best for the company from a risk perspective.”
Proactive problem-solving
For Sam, our value extended beyond tax accounting. We worked with him as a true strategic partner, ready to support him with new opportunities and walking him through the best way to execute them.
“If I come up with a new business or an investment idea, Patrick comes up with a structure very quickly for tax and risk minimisation. He doesn’t just do what I ask him to do, he does it then looks further to see how we can maximise our position.”
Fast execution
For an entrepreneurial thinker like Sam, he relied our fast response times so he could move quickly on new ideas. By knowing we had his back, it gave him the peace of mind needed to focus on expanding business.
“Whenever I call Patrick, he’s available. I know that if I have a crazy idea I know he will execute it quickly to make sure I don’t miss an opportunity.”
Driving remarkable growth
Since beginning our partnership with Spry Holdings in 2020, its rapid growth has continued, with profits increasing by 400%.
“My industry peers see the rapid growth of our business and wonder how we do it. It’s thanks to two key people - our finance broker and Inspired Accounting.”
