Background

Sporte Leisure is Australia’s leading Golf apparel brand. Established in 1991 the group has grown to manufacture and distribute Golf apparel into New Zealand, Europe, UK, South Africa, South East Asia and the Middle East.

Sporte Lesuire needed help with governance and strategic direction. The owner of the business had retired and the internal head of finance was under-skilled.

The external accountant was also no longer adding enough value to the business. Specifically Sporte Leisure were seeking an accountant and adviser who could act as a pseudo chairman of the board with demonstrated previous board-level experience.

The business owner spoke to the relationships manager at their bank to get a recommendation. They asked for guidance on an accounting firm with experience in the rag trade combined with strong commercial experience and were referred to Armstrong Dawson.

How we helped

Armstrong Dawson provided:

  • Board advisory services with Greg Will appointed Chairperson
  • Monthly advisory services
  • Company structuring and family asset structuring
  • Tax advice
  • Financial advice

Results

Since engaging Armstrong Dawson the business has benefited from:

  • Changes and recommendations regarding the business structure
  • Business strategies and commercial structuring leading to strengthening of the company’s balance sheet, working capital requirements and banking relationships

What the client says

“I’ve used several firms and what stands out for me is Greg himself, and in particular his exposure from a business sense across other areas of the rag trade.

I know he is on several other boards around Sydney. He provides me with an invaluable sounding board.

His team also provides us with relevant tax advice or financial advice that we need throughout the year on an ad-hoc basis. I have no hesitation in recommending Greg and his team.”

Andrew Newton
CEO, Sporte Leisure Group