Case Studies
J.S. Held Strengthens Forensic Accounting Expertise for Marital and Commercial Disputes with Acquisition of Forensic Accountants & Consultants
Read MoreThe company was a Midwestern footwear chain with 130 stores and an e-commerce platform offering branded and private-label products. Its operations were headquartered in Cottage Grove, Minnesota. Facing a liquidity crisis, the company retained our team to assess its financial condition and evaluate strategic alternatives.
Our team assessed the business, advised on the plan and strategy for reopening stores following COVID-19 closures, supported negotiations with vendors and landlords regarding past-due payments, and managed cash flow and credit line availability. We developed a reorganization plan that included expense reductions, lease restructuring, and new leadership. Following the implementation of the plan, the company continued to operate successfully.
> Liquidity Management
For companies in distress or undergoing rapid growth, ensuring sufficient cash flow to support operations requires a methodical approach to liquidity management marked by multi-department input, cross-constituent communication, prioritization, and negotiation.
> Business / Operational Assessment
Most consulting firms approach a business assessment from a purely financial perspective — our assessments provide a 360° view of a business, addressing growth drivers, profitability, and uses of capital. Along with detailed financial performance reviews and cash flow forecasting, our comprehensive Business / Operational Assessment identifies the various challenges clients encounter throughout their operations.
