The Equipment Finance and Insurance Specialists celebrate their 40th anniversary partnering with the earthmoving industry. And they couldn’t have picked a better year to do it in.
2021 looks set to be among the most promising years on record for the earthmoving industry. With the Federal government having earmarked construction as one of the key sectors to help lead Australia’s post-Covid economic recovery, opportunities for growth are sure to present themselves. Access to the right financing and insurance will be crucial for businesses throughout the industry wanting to take full advantage of these favourable conditions.
The equipment finance and insurance specialists at Moody Kiddell & Partners can help capture the opportunities that arise in your business by offering customised solutions based on your company’s specific needs. With four decades of experience, Moody Kiddell have unrivalled knowledge of the earthmoving industry, and provide the tailored service to help your business achieve its vision in 2021, while safeguarding its legacy.
A HISTORY OF DIGGING DEEP
Established in 1981, Terry Moody and David Kiddell founded Moody Kiddell & Partners with the goal of building a financial services company that puts clients first. Their idea was to grow a workplace culture that valued service, integrity and performance above all else.
“From the start, we really wanted our clients’ success to be our business,” reflects David Kiddell. “Over 40 years of credit cycles, this has meant different things at different times.
At certain moments it is helping a client grow their business, at other times it is focused on securing what they already have. In either case, we pride ourselves on being there for our clients every step of the way.”
Moody Kiddell’s commitment to client service is reflected in their 70 per cent repeat business year-on-year for the company nationwide. “We dig deep for our clients,” says Terry Moody. “We consider ourselves partners in their success. We’ve built relationships with some clients that have lasted decades.”
A NATIONWIDE INFRASTRUCTURE
Originally based in New South Wales, Moody Kiddell & Partners opened their first interstate office in 2004. The Melbourne office was set up to service the southern states of Victoria, South Australia and Tasmania, and its success led to further expansions into Brisbane in 2006, and Perth in 2011.
MKP’s Australia-wide infrastructure now includes 70 full-time staff. The company’s national presence is based on the strength of their local knowledge. “What we want from all our offices is a local presence for our clients,” CEO Alex Moody says. “So if a client needs to see us in the Barossa or in Ballarat, we can be there on site with them that same day. David and Terry have always stressed the importance of being on the ground with our clients, whenever they need us.”
PARTNERSHIPS THAT LAST
When Mark Schultz needed his first equipment finance back in 1985, a friend introduced him to David Kiddell and Terry Moody. “I was a very green 25-year-old looking to be an owner operator,” Mark recalls. “They were both very hands on. I can remember getting out of an excavator and meeting them onsite to sign the documents on the bonnet of a ute!” With the financing provided by Moody Kiddell & Partners, Mark was able to start M.P. Schultz Excavations.
Since then, both Mark and Moody Kiddell have grown their businesses, but the partnership they formed 35 years ago remains as strong as ever. “I’ve lost count of how many machines, trucks, utilities and cars MKP have financed for me over the years. Nothing is ever too difficult for them,” Mark continues. “That level of service at MKP still remains.
I now do business with David’s son Jack or Phil Day, who comes to the office. When I see David or Terry it’s socially. They have become great friends of mine and the family.”
Moody Kiddell’s roots lie in asset finance, having funded over $4bn in asset and commercial finance. Over the course of the last 40 years, however, the company has diversified the services it offers clients to include advisory and insurance.
“We have become a one-stop for our clients, so we try to understand their business as if it was our own,” notes Alex Moody. “We can organise the finance for a client’s new piece of equipment, and then provide the insurance that they will need for it, at the best price. At the same time we can assess the business’s overall financial situation, and help advise on how the company can save money or invest cash-flows in certain areas to help the company grow or secure its future. We try to help clients see a clear financial picture of their business. We call it presenting a company’s financial story.”
MKP structures loans to suit a business’s individual needs. They can organise a financial lease, commercial hire purchase, chattel mortgage, rental, operating lease or whatever works best for their clients.
With their size and volume, Moody Kiddell has access to a large range of lenders and products, including some that aren’t available to the general public. Their four decades of expert knowledge, tailored services and immovable support make Moody Kiddell the asset finance specialists.
Protection of assets and key people is critical to ensure business longevity and survival when unfortunate and unexpected events occur.
Moody Kiddell can provide peace of mind with their comprehensive insurance offerings, including general business insurance and risk insurance.
MKP’s team of earthmoving insurance specialists are experts in ensuring you have the right coverage for risks and exposures your business faces. Whether you are an owner-operator or multi-national business, MKP’s team will take the time to find out about your business and develop an insurance program specifically for you and your business.
Moody Kiddell & Partners is also a part of Australasia’s largest general insurance broker network, the Steadfast Group. They leverage Steadfast’s scale to ensure their clients have access to a wide range of insurance companies and products, exclusive policy options, and competitive pricing. So when the time comes and you need to make a claim, you will have the backing of Steadfast behind you.