The company is internationally active in the bedding industry, and has integrated the entire chain from production to sales & delivery. Sales are realized both in-store and online. However, the company has been significantly affected by excessively increased container prices and extended shipping times. Furthermore, the lockdowns during the COVID pandemic led to a sharp decline in revenue. As a result, selling prices and margins were under pressure, leading to losses in 2021 and 2022. Consequently, the company ended up in the bank’s restructuring department and a validation by Beaufort was required for the refinancing of the existing loan.
Beaufort conducted a root cause analysis, validated the underlying assumptions of the budget, and advised the company regarding liquidity headroom and covenant settings. Following validation and advice, the refinancing was successfully completed.
