RSM Australia

Case study: MPowerU

“We wanted to engage with someone who has dealt with the bigger businesses but still has the small business mindset and approach towards their client”.

- Giulio Montini, Owner of  MPowerU Electrical


MPowerU case study


MPowerU Electrical provides electrical services across Perth with major emphasis on commercial breakdown and maintenance.

Their clients consist of both state and local governments including police stations and schools - they also offer their services to residential customers.Their clients consist of both state and local governments including police stations and schools - they MPowerU case studyalso offer their services to residential customers.

Established in 2006, Giulio Montini started MPowerU Electrical and has since grown his team, consisting now of 12 trade staff and three full-time office staff. Being a reactive, breakdown and maintenance company, ensuring the smaller jobs are done well and on time is important to opening the door to bigger jobs, potentially with larger clients as well.

Giulio initially engaged a business coach to help guide his company which proved to be effective in the early stages of development however, he fast realised that there was a need to be more analytical and exercise certainty in decision making. Giulio started looking for an accountant who could provide business consulting advice and through a referral, was introduced to Matthew Robinson from RSM’s Rockingham office. 

“Matthew showed us how we could make good financial forecasting decisions - he gave us clarity in this area”.

Working with RSM

MPowerU case studyRequiring more robust and financially sound advice that would help build their strategy, the team at RSM were able to help navigate MPowerU Electrical through effective financial management principals.  A financial model was prepared that tracked both financial inputs and activity outputs producing results that allowed RSM to provide advice on the key areas for improvement. “We wanted someone who could advise us on the company we want to be, not just the company we are.”

As a result, adjustments were made to improve labour efficiency which not only turned the business around but helped target new work. Giulio now has the confidence to make strategic decisions based on solid data including employing new staff, purchasing equipment and growth in targeted areas.  MPowerU Electrical have achieved ISO 9001 accreditation. 

Looking at the future, MPowerU Electrical’s growth has enabled them to repay debt as well as take on new financial commitments improving resource capability. It was RSM’s local position with access to national resources that made Giulio transition his accounting and strategic planning partner to RSM.

“We wanted to engage with someone who has dealt with the bigger businesses but still has the small business mindset and approach towards their client”.

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COMPANY FACTS

Name: MPowerU

Headquarters: Perth, WA

Industry: Building and Construction (Electrician)

Website: 

https://mpoweruelectrical.com.au/