Forensic Audit Report

EUR 196,000 in Preventable Damage

A documented case of agency negligence at a European DTC ecommerce brand

Before vs. After Agency Management

Metric Before Agency With Agency Change
Gross Sales EUR 1,720,115 EUR 1,872,370 +8.8%
Orders 12,358 9,376 -24.1%
Total Ad Spend EUR 48,366 EUR 244,831 +406%
Blended ROAS 35.6x 7.6x -78.6%
Gross Sales +8.8%
Before Agency EUR 1,720,115
With Agency EUR 1,872,370
Orders -24.1%
Before Agency 12,358
With Agency 9,376
Total Ad Spend +406%
Before Agency EUR 48,366
With Agency EUR 244,831
Blended ROAS -78.6%
Before Agency 35.6x
With Agency 7.6x

All figures sourced from Polar Analytics. Revenue and order data verified against Shopify admin exports.

The Story

A plant-based DTC brand with two Shopify stores - one serving the US market, the other serving the EU - hired an agency to scale their paid advertising. The brand was already profitable. Blended ROAS sat at 35.6x. Unit economics worked. The brief was simple: spend more, grow faster.

Within months, ad spend exploded from EUR 48K to EUR 245K per year. The agency had turned up the budget dial without changing creative strategy, audience segmentation, or campaign structure. They simply poured more money into the same underperforming campaigns and accelerated the waste.

Revenue barely moved - up just 9%. But orders collapsed by 24%. The brand was spending 5x more to sell fewer units at higher acquisition costs. ROAS cratered from 35.6x to 7.6x. The agency never flagged it. The brand had no idea until an independent audit was conducted.

How It Escalated

Nine months from hire to documented damage. Every milestone was a missed red flag.

Month 1 Agency hired Brief: scale paid ads profitably
Month 3 Budget scaled 6x EUR 48K to EUR 245K. No testing.
Month 6 ROAS crashed 78.6% 35.6x down to 7.6x. Unreported.
Month 9 EUR 196K damage documented Found by independent forensic audit

Critical Findings

  1. 01 Critical

    EUR 53K spent on Google Ads with ZERO conversion tracking

    The agency ran Google Ads campaigns for months without implementing conversion tracking. They were spending thousands per month with literally no way to measure what was working. This is the equivalent of running a store without a cash register.

  2. 02 Critical

    No negative keywords across any campaigns

    Search campaigns ran without negative keyword lists. The brand was paying for clicks from people searching for completely unrelated terms. Every irrelevant click was wasted budget - and the agency never set up the basic filters that any competent media buyer implements on day one.

  3. 03 High

    No suppression lists

    The agency was targeting existing customers with acquisition campaigns. Instead of excluding people who had already purchased, they were paying to advertise to people who already owned the product. One of the most basic and costly mistakes in DTC advertising.

  4. 04 High

    All EU email campaigns sent in English only

    The brand sells across multiple European markets - Germany, France, Italy, Spain, Nordics - yet every email campaign was sent in English. No localization. No segmentation by language. Open rates and click rates suffered accordingly.

  5. 05 Critical

    Ad spend scaled 6x overnight with no ramp or testing

    Budget went from EUR 48K to EUR 245K without corresponding changes to creative, audiences, or campaign architecture. No A/B testing. No incremental scaling. The agency simply turned up the spend on campaigns that were already underperforming.

  6. 06 Medium

    No geo-fencing on region-specific products

    Campaign targeting showed ads for region-specific products in regions where those products were not available. No dayparting optimization. No geographic bid adjustments based on market performance differences.

Total Estimated Preventable Waste

EUR 130,000 - EUR 195,000

EUR 0 EUR 125K EUR 250K
Midpoint estimate EUR 162K
How we calculated this
Baseline ROAS 35.6x Pre-agency performance
Actual ROAS 7.6x With agency management
Excess Spend EUR 196K Above efficient baseline
Recovery Rate 66-100% Conservative range

Calculated as the difference between actual performance and projected performance at historical efficiency rates. Conservative estimate using the brand's own pre-agency baseline as the benchmark. All data verified against platform-native reporting across Meta Ads, Google Ads, and Shopify.

What would a forensic audit find at your company?

We found EUR 196K in preventable damage in this account. The brand had no idea until we looked. Most don't.

Takes 30 seconds. No credit card. No sales call. Just data.

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