About Western Water Solutions

Western Water Solutions, founded by Chris Floyd in 2023, was created out of the need for better water treatment solutions in Australia, offering not only technical expertise but a genuine focus on client care. The company delivers cost-effective water treatment solutions across various industries including potable water, process water, cooling towers, closed loops, boiler water and more.

As Western Water Solutions began to grow, Chris faced a challenge that many small business owners encounter: managing the business’s financial side while keeping up with operational demands. This became especially crucial as he transitioned from a sole trader to a PTY LTD company.

The Challenge

As Western Water Solutions expanded, Chris faced several challenges that required expert financial guidance. One of the primary issues was managing cash flow to ensure the business could meet day-to-day operational needs and still plan for future growth. Additionally, as the company transitioned from a sole trader to a PTY LTD structure, navigating the complexities of business restructuring became a significant concern, particularly in ensuring tax compliance under the new structure.

Chris was also looking for a comprehensive insurance policy that was tailored to his business’ unique risks, ensuring the protection of his assets, employees and clients in the water treatment industry. These challenges highlighted the need for a trusted partner who could provide both financial expertise and the right tools to manage the company’s evolving financial demands effectively.

How Carbon Helped

Carbon’s Accounting & Tax Partner Matthew Vaughan-Davies, worked with Chris to address these challenges. Their goal was to relieve Chris of the financial and administrative burdens so he could focus on running the business.

  • Transition to PTY LTD: Matt guided Western Water Solutions through the transition from a sole trader to a PTY LTD, handling all the legal and financial details.
  • Xero Implementation and Training: Carbon set up Xero and trained Chris to use it, making it easier for him to track the business’ financials.
  • Comprehensive Insurance Premiums: Matt introduced Chris to Mark Spencer, Carbon Insurance Brokers Director, who ensured the business had the necessary insurance premiums to protect Chris, his family and clients. The insurance portfolio includes professional indemnity, public liability, workers compensation, business insurance for two premises and commercial motor insurance. Mark is also currently adding coverage for a new vehicle purchased with financing support from the Carbon Finance & Lending team.
  • Finance for Growth: Matt connected Chris with Carbon Finance & Lending Director Jacob Reed, who assisted with financing three mining-spec work vehicles for remote trips and projects. Jacob is also currently reviewing Chris’s home loan to access equity for future investments.

With Carbon’s help, Chris has been able to focus on running and growing Western Water Solutions. The accounting side of the business is now streamlined with Xero, and Chris has confidence knowing the business is properly insured and financially stable to support future growth.

Carbon Services

The guidance from Carbon has given Chris the peace of mind to take on more projects and concentrate on what he loves—solving water treatment challenges—while leaving the financial management in capable hands.

Accounting & Tax

Bookkeeping & CFO Services

Insurance Brokers

Finance & Lending

Building a Strong Foundation for Future Growth

With Carbon’s support, Western Water Solutions has established a solid financial foundation, allowing the company to grow with confidence. The partnership has enabled Chris to focus on delivering top-tier water treatment solutions while trusting that his business’ financial health is in expert hands.

Need help with business restructuring, cash flow or Xero setup? Our accountants in Perth, Sydney, Melbourne, Adelaide and Brisbane are ready to support your business growth. Contact us!

Contact us today

 Carbon has been an incredible partner, helping
me transition from a sole trader to a PTY LTD
and giving me the financial support I needed.
Matt, Mark and Jacob have been instrumental
in making sure the financial side is covered so
I can focus on growing the business.

Chris Floyd
Founder, Western Water Solutions