Creating a Credible Recovery Path for a Manufacturing Business

Engagement Level: Tier 1 – Foundational Review

Snapshot

A manufacturing business in NSW facing approximately $2M in creditor debt and declining lender confidence. The company required urgent funding to avoid insolvency.

This engagement began as a Tier 1 Foundational Review focussed on stabilising performance and clarifying what was truly happening beneath the surface.

The Situation

Banks viewed the business as high risk.There was no clear financial narrative or forward-looking recovery plan.

Without clarity, funding options were narrowing rapidly.

Tier 1 in Action

Through a focussed Foundational Review, Cleanslate:

• Conducted a full financial and operational deep dive.

• Identified approximately $363K in annual cost savings.

• Recommended pricing adjustments to strengthen margin..

• Built detailed 3-way financial forecasts (best, likely, worst case scenarios)

• Worked alongside the accountant to verify historical performance.

• Prepared lender-ready documentation for submission.

The objective was clarity, to determine whether recovery was viable and what it would realistically require.

The Results

• Secured $2M in funding (against a $3M target)

• Demonstrated a credible turnaround pathway within eight months.

• Restored lender confidence through structured financial modelling

Why This Reflects Tier 1

Tier 1 provides clarity before commitment.

It stabilises performance, uncovers structural issues, and determines the most appropriate next phase of structured partnership.

In this case, Tier 1 created the foundation for recovery.