Kreston SA’s corporate business rescue services deliver expert support to companies in financial distress, helping them navigate the complexities of the business rescue process while rehabilitating their operations with the aim of returning them to full functionality and profitability. If you are in need of a business rescue practitioner, our corporate business rescue team will partner with your organisation in the provision of a number of services aimed at preventing company liquidation, including:
Business Rescue Services
- The development and implementation of a comprehensive rescue plan
- Legal proceedings and services
- Negotiations
- The development and implementation of strategic re-structuring measures
- SARS Tax Settlement
WHAT IS BUSINESS RESCUE?
The Companies Act of 2008 lays out the legal processes for the efficient rescue and recovery of businesses in distress. Once the decision to commence business rescue proceedings has been taken, notice can be filed with the Companies and Intellectual Property Commission (CIPC) to trigger the process.
Business rescue practitioners are appointed to oversee and supervise the rehabilitation of financially unstable businesses, taking on a temporary management and executive role while handling all legal, strategic and practical aspects of the required emergency rehabilitation measures, with the aim of avoiding liquidation proceedings.
If you are in need of guidance regarding Corporate Business Rescue, contact our team today.
