Sportswear manufacturing co. needs to stabilize, restructure, and transform to win

Picture this...

You’re a rapid-growth PE-backed athletics company facing liquidity challenges due to overspending on inventory and growth initiatives and a lack of visibility into the current and projected cash position. You need guidance to navigate a successful restructure and a bottoms-up forecast model to help properly allocate capital into the appropriate growth channels.

You turn to Accordion.

Acting as interim CRO to lead the sale and closing efforts and as COO for executive-level support, we architect a turnaround plan while providing audit readiness support. Specifically, we:

• Assess your maturity in each functional area.
• Create a 2-year forecast with scenario analysis, including potential capital infusions and demand forecast.
• Optimize your inventory and review potential inventory liquidation opportunities.
• Right-size your team and outsource accounts payable responsibilities.
• Complete historical financial cleanup and GAAP audit readiness.
• Create 13-week cash flow forecast for reporting to the board and lenders.

Your value is enhanced.

You successfully attract a new buyer and execute on several quick-win enhancements. You identify $18M in excess inventory and negotiation of liquidation options, and resolve $15M in historical accounting errors from 2021 to 2023.

As a result of our work, you now have the groundwork for long-term growth initiatives, ensure compliance with GAAP, and prepare for an unqualified audit option.