Bennco Group

Bennco Group Advisory Case Study 

With Todd Bennet – Bennco Group

About Bennco Group

Bennco Group is an accomplished multidisciplinary building services company operating throughout the Pilbara region of Western Australia. Established in 2016, the company provides electrical, plumbing, building, construction and civil services to the mining, resources, commercial and local government sectors.

Based in Tom Price with operations across Karratha, Paraburdoo, Pannawonica, Perth and Busselton, Bennco Group has experienced remarkable growth since its inception. Starting with just six employees in 2016, the company has scaled to over 170 staff members, delivering projects for major clients including Rio Tinto, Sodexo, Fortescue Metals Group, Hancock Iron Ore and the Shire of Ashburton.

Todd Bennett, Founder and Managing Director, focuses on corporate strategy, client relations and the day-to-day running of the business as it continues its rapid expansion across the Pilbara.

When Operational Excellence Outpaces Financial Structure

As Bennco Group experienced rapid growth, the business reached a critical juncture. While operational excellence was strong, the financial governance and strategic oversight needed to sustain such growth hadn’t kept pace.

The company had outgrown their existing accounting firm. Operationally, the business was performing exceptionally well, but the financial systems and reporting weren’t keeping pace with the company’s expansion. This created uncertainty around crucial strategic decisions.

As profitability increased, the leadership team faced critical questions: How should profits be reinvested in the business? How should personal and business financial goals align? Where should resources be allocated to support sustainable growth? Without proper financial governance and forward-looking advice, these decisions were difficult to make with confidence.

Working with Brentnalls WA

Bennco Group engaged Brentnalls WA following a recommendation from an existing business relationship.

As Todd explains, “The clarity and experience that the team at Brentnalls bring to us – that’s what we were looking for. They understand the nature of our business and the growth we’re on, while keeping us grounded on what we can and can’t do financially.”

Brentnalls WA implemented their Quarterly Business Review (QBR) process with the Bennco leadership team, providing regular opportunities to step back from day-to-day operations and review business performance, financial results, and business strategy. The QBR process created a framework for accountability and planning that complemented Bennco’s operational strengths.

Through this process, Brentnalls provided an independent, expert perspective that helped identify areas for improvement. One critical insight that emerged was the need to strengthen the internal finance function to match the company’s growth trajectory. Working collaboratively with the Bennco leadership team, Brentnalls helped guide the business through this transition, supporting the recruitment of a new Chief Financial Officer with the skillset and experience needed for a rapidly scaling business.

The Brentnalls team worked closely with the CFO to improve the accuracy of financial reporting, ensuring the leadership team had reliable data for decision-making. They implemented cashflow forecasting, giving Bennco visibility into future case positions and enabling more proactive financial planning.

The partnership extends beyond the quarterly review cycle. Brentnalls provides ongoing support through tax planning, strategic tax and structuring advice, ensuring Bennco can move quickly in opportunities. This responsiveness, combined with ongoing financial insights drawn from industry benchmarking and best practice, has become a valuable resource for the growing business.

Results

Since engaging Brentnalls WA, Bennco Group has the financial clarity and governance needed to support their continued growth. The partnership has delivered practical benefits that have changed how the leadership team operates.

Accurate financial reporting and cashflow forecasting give the leadership team visibility they didn’t have before. Regular strategic reviews through the QBR process provide a structured opportunity to step back from operations and focus on the bigger picture. When questions arise around tax planning or business structuring, Brentnalls responds promptly, allowing the business to move forward without delay.

The independent oversight has become a valued part of how Bennco makes decisions. Having an external perspective – someone who understands high-growth businesses in their sector but isn’t caught up in the day-to-day – helps the leadership team see where they are in the market and what they need to focus on next.

With strengthened financial governance, the right internal capabilities, and ongoing strategic guidance from Brentnalls WA, Bennco Group continues its growth trajectory across the Pilbara region.

“Without the financial governance and clarity that Brentnalls brought, we didn’t really know where we stood. It’s having that independent view on where we are in the market and where we need to be.”