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Power Tynan expands with merge

Toowoomba's largest accounting and financial services firm, Power Tynan, has expanded following the merger today with local firm Calibre Accounting.

The firm's financial services arm, Morgans, will also be boosted as Calibre Accounting's associated financial planner, Optimas Financial Planning, joins the new team.

Staff from both firms have moved into bright new offices at 618 Ruthven Street, next to the City Library.

According to Power Tynan CEO Paul Hilton, the two firms share a strong culture and focus on relationships as trusted advisors to clients.

"Calibre's founders and Directors, Keith Saunders and Suman Chowdhury, will play leading roles in the merged firm and their staff will add significantly to our resources and capability to services all our clients," he said. " Ryan Myler of Optimas will add great value to our Morgans financial services arm."

Keith Saunders said: "This move is a good fit for both our clients and staff, offering a path to greater service for our clients into the future."

Power Tynan was formed in Stanthorpe in 1969. Today, the firm's head office is in Toowoomba and it maintains offices in Stanthorpe and Roma. The firm has grown to become a comprehensive financial services organisation, offering a complete range of accounting and business advisory services, SMSF administration and mortgage broking. It also provides financial planning and stock broking services through its Morgans franchise, the Darling Downs office of the well-known Australia-wide financial services and stock-broking business.

Calibre was formed by Saunders and Chowdhury in early 2010 with a focus on small to medium business enterprises in a variety of industries including primary production, professional services, retail and manufacturing.


Grand Banks 54

New Grand Banks 54 Heritage EU a hit from the drawing board

The new Grand Banks 54 Heritage EU has already made its mark as one of the luxury cruiser builder’s most successful models.

The new model was unveiled only at the end of last year and already 12 of the 54 Heritage EUs are delivered or under construction at the company’s yard in Malaysia.

Boat No 8 is scheduled for delivery to Australia in November.

Hank Compton and his team at Grand Banks Australia have been responsible for the sale of four of the new boats into the Asia Pacific region.

“These boats were all sold sight unseen,” said Compton. “We showed people the detailed drawings and specifications for the boat and they trusted us to deliver.”

The first 54EU to arrive in Australia is being delivered to Perth boating enthusiast Julian Walter.

“We have owned Halvorsens over the years and we have always admired the styling and build quality of the Grand Banks brand,” said Mr Walter.

“The new 54EU is built on the 53 Aleutian hull which has given it more beam than you would expect of the Heritage series. This translates to magnificent space through the cabins, particularly the midships master suite which runs across the full beam of the boat.”

Mr Walter praised the versatility of the Grand Banks design.

“We do most of our cruising at sensible speeds,” he said. “There is no need to rush. Our Heritage is built to cruise all day at eight to 10 knots. But it has a turn of speed if I need to get back to port quickly or get out of the way of a storm. The boat is capable of planing speeds up to about 21 knots.” 

He said the family had used their boats mainly for cruising to Cockburn Sound and Mandurah as well as extended trips to Rottnest Island.

“We will spread our wings with the Grand Banks,” he said. “Our plan is to voyage north to the Abrolhos Islands and further along the coast.”

The Grand Banks 54EU is the largest of the company’s Heritage fleet of classic trawler style cruisers.

The standard three-level layout includes three cabins and two bathrooms in the accommodation suite below decks, a midships galley and aft salon on the main deck along with the lower helm station and a large entertaining area and helm on the flybridge.

On the main deck, the galley is equipped with convection microwave and four drawers for freezer and refrigeration. An L-shape dinette is opposite, on the port side, and an expansive salon aft leads to a fully covered cockpit with transom lounge.

Elandra milestone

Elandra Yachts has reached an important milestone with the rollover of the hull "plug" of its new 53-foot sports yachts.

The plug is the first stage in development, exactly shaping the way each component will come out. From the plug, they will make a mould and then the first hull itself; a positive-negative-positive process.

The hull plug is built upside down and then rolled over to begin building the deck plug. Once that is shaped, a mould will be taken, the plug stripped off, the hull plug then rolled back upside down and the mould taken from it.

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Boating Syndication scores success at Sydney show

Luxury boat ownership innovator Boating Syndication Australia (BSA) is celebrating sales success following the Sydney International Boat Show this week.

The company achieved strong sales of syndicate shares in the two boats on display and announced that its latest acquisition, a glamorous Pershing 64 sports yacht, had also attracted buyers.

“We are going to be busy over the next couple of weeks, with 40 sea trials already booked as a result of the show,” said BSA’s Andy Young.

BSA displayed a Riviera 4400 Sport Yacht and a Riviera M400 sports cruiser at the show; both new to the fleet.

“The M400 has proved incredibly successful in Sydney,” said Andy Young. “We already have three of this model in our fleet and the new one attracted eight new syndicate members during the show. So we have only two shares left in this boat.”

The 4400 Sport Yacht was also well received with five of 10 available shares sold during the show.

BSA celebrated its achievements at a party on the Friday evening of the show. More than 60 syndicate owners shared a variety of drinks and light food during the evening, accompanied by live music.”

Chris and Carol Pines have been with BSA since the business was founded. They share a Princess P54.

“Andy and his team have taken the headache out of boating,” said Chris. “Now it’s just pleasure and these get-togethers are a great opportunity to meet our other owners and share experiences. There are more people every year.”

Young said: “Our syndicates provide for economical boating at every level. Everyone shares in the cost of owning and maintaining the boat. The only additions are the fuel each owner uses while they are out plus anything else they want for food and drinks.”

More information is available at the Boating Syndication Australia Web site.