Horder Communication Solutions
Partnering with MGI Adelaide has allowed HCS to weather the financial storms that come with a flexible business model.
Proudly South Australian and founded in 1989, Kinetics Engineering became the basis for the Kinetics Group of Companies. Kinetics founder, David McDonough, embarked on his first project being an automotive handwash unit providing hot and cold water for trade vehicles. This is still exported globally today.
Along the way, David partnered with Greg West to form Vector Technologies Australia (VTA) which underwent a massive transformation over the past three years from a tier one Automotive supplier to a hi-tech medical device manufacturer and supplier to the Fast-Moving Consumer Goods (FMCG) markets.
Vertical integration and innovation has been the cornerstone of the group. The portfolio was strengthened with Toolcraft Australia, which is a valued supplier to the Defence industry as well as supporting group machining requirements. Next was Metalcraft (Trading as Bott Storage Systems) which specialises in high end vehicle equipment solutions including emergency service vehicles. The group today employs around 200 people in 3 countries.
Vertical integration and growing them autonomously presented a significant range of challenges, particularly when the acquisitions and start- ups occurred globally.
David and Greg have formed a great partnership with MGI Adelaide since 2002 with results we are all proud of.
MGI Partner Angela Robins was a key supporter during this time. Dealing with global companies had many challenges. MGI supported them and set up a legal structure whereby the businesses and assets were protected.
Angela explains that dealing with multinationals has been challenging at times but one that they worked through and set up the right structures for the future. We looked at reducing risk, as well as tax considerations, particularly with the international business interests. It is all about asset protection and funnelling wealth into the right areas. MGI knows the groups businesses intimately and understands every aspect to get the best results.
“They’ve helped us with planning and securing important grants to transition our business from workers in overalls to a clinical manufacturing-based business. Angela is an integral part of our business.”
– David McDonough, Kinetics Group
Today, The Kinetics Group have come a long way from being a manufacturer of a single product to innovating in automotive, defence, medical and the FMCG sectors.
With manufacturing facilities located across Australia, Thailand, Germany, and UK, David and Greg’s portfolio has continued to grow from strength to strength.
Partnering with MGI Adelaide has allowed HCS to weather the financial storms that come with a flexible business model.
How MGI helped Gluttony pivot with the challenges and moving parts of running an event in a COVID-19 environment.
How MGI allows Carrington Cottages to focus on their day-to-day operations empowering the homeless.
How MGI helped establish growth in automotive, defence, medical and the Fast Moving Consumer Goods markets.
Let MGI shout you a coffee and chat about how we can help.
Sign up to get the latest advice on managing your business and personal finances.
MGI Worldwide is a leading international network of separate and independent accounting, legal and consulting firms that are licensed to use “MGI” or “member of MGI Worldwide” in connection with the provision of professional services to their clients. MGI Worldwide is the brand name referring to a group of members of MGI Ltd., a company limited by guarantee and registered in the Isle of Man with registration number 013238V, who choose to associate as a network as defined in IESBA and EU rules. MGI Worldwide itself is a non-practising entity and does not provide professional services to clients. Services are provided by the member firms of MGI Worldwide. MGI Worldwide and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.