How to rescue your business? What does business rescue mean? Over-working yourself? Feeling less enjoyment from running your business ? Then you have come to the right place.
We have over years’ experience working with financially distressed businesses and offer a free confidential, no obligation, options review.
This will allow you to make an informed decision on the way forward for your business. The Registered Agent on file for this company is Clark William and is located at 9Lake Carillon Drive, St. Business rescue is a relatively new system within South Africa’s legal landscape. The services that the practitioner provides is several-fold.
He will devise, prepare, develop and put in place an effective rescue plan. But, this plan is only approved upon approval by the creditors and shareholders. Our Business Rescue Services Corporate Business Rescue provides several services to businesses in financial distress.
We render these services in the interests of repaying debts and avoiding insolvency.
The aim of business rescue is to restructure the affairs of a company in such a way that either maximises the likelihood of the company continuing in existence on a solvent basis or in a better return for the creditors of the company than would ordinarily result from the liquidation of the company (section 128(1)(b)(iii)). Business Rescue is the various processes aimed at company rescue for businesses that are financially distressed. This is done in a number of ways, including taking supervision over the company and implementing a business rescue plan. In this regar the appointed business rescue practitioner takes management over the affairs of the business. It aims to do exactly what the name says, by rescuing or rehabilitating a company, which is under financial distress.
The practitioner has the capacity to take on the specific business rescue where there are no conflicts of interest with the business. Cash Paymaster Services (CPS), which previously managed the distribution of more than 17-million welfare grants, wants an application to halt its business rescue process in favour of liquidation. At KPMG Business Rescue Services we focus all our efforts on smaller, independent businesses. The sooner you get in touch with us, the sooner we can be by your side – ready, willing and able to offer you the practical support to move forward. Corporate Project Management (CPM) Services is a Business Consulting company with its main focus on business rescue of distressed businesses.
Through our specialized business rescue practitioners, we assist clients to maximise the likelihood of their company remaining in existence on a solvent basis. We assist clients with the development of a business rescue plan, which if approved by creditors, will be vital to rescue a company in distress. Dedicated to saving, strengthening, re-building and growing troubled businesses.
Business Architects provides specialized services to businesses of all types ranging from revenue generating start ups to Fortune 5companies. Being appointed as a business rescue practitioner is VERY stressful and one of the hardest positions. We understand what is at risk and work as a team to attempt a long-term fix for long-term rescue.
Business recovery services We offer advisory services to lenders, creditors, companies and individuals in troubled financial situations to help you identify problems, gain cooperation, develop solutions and implement them with ease and precision. Our global network allows us to rapidly deploy cross-border services to you wherever you are.
Business Rescue WHEN CRISIS THREATENS THE CONTINUITY OF A BUSINESS , WE DELIVER THE SERVICES THAT BEST RESPOND TO COMPLEX CHALLENGES. BUSINESS RESCUE SERVICES YOU ONLY GET ONE SHOT TO FIX YOUR BUSINESS : SO BE SURE TO CHOOSE A BUSINESS RESCUE PRACTICIONER WITH A PROVEN TRACK RECORD The most crucial decision in electing to apply for business rescue is the appointment of a suitably qualified Business Rescue Practitioner.
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