Business Rescue Services

Turnaround
Not Applicable

Requirements
• Financial Distress: The company must be financially distressed but show a reasonable prospect of being saved.

Process
1. Initial Assessment: Our accredited partners assess the company’s financial situation to determine viability.2. Develop Rescue Plan: A formal business rescue plan is developed to restructure debt and operations.3. Implementation: The Business Rescue Practitioner implements the plan, which provides legal protection from creditors.4. Exit: The company either returns to solvency or a structured wind-down is managed.

FAQ
What are the first steps for business rescue in South Africa?
The first step is for the company’s board to pass a resolution to begin business rescue proceedings and appoint a licensed practitioner. Our partners can guide you through this critical process, which provides legal protection from creditors and allows for restructuring.

Can business rescue save my company from liquidation?
Yes, the primary goal of business rescue is to rehabilitate a financially distressed company to save it from liquidation. It provides the breathing room needed to reorganise debt and operations to return the business to profitability.

Formal turnaround services for companies facing financial distress, managed through accredited legal and business rescue partners. Includes:
✅ Assessment by an accredited Business Rescue Practitioner.
✅ Development of a formal rescue plan.
✅ Legal protection during the process.