Stefan Steyn, senior business rescue practitioner from Business Rescue Partner, unpacks business rescue and the options available for SMEs.
companies that are
BUSINESS RESCUE SPECIALISTS
implementation of an
for any business
BUSINESS RESCUE PRACTITIONERS
Business Rescue Practitioners | Turnaround Business Management | Business Rescue Specialists
What we Offer
- Turnaround Strategies
- Assist attorneys & accountants with
their Business Rescue matters
- Financial Recovery Strategies
1. Assessment Questionnaire
2. Information Gathering
3. Business Plan Process
4. Monitoring Process
Business Rescue as a Solution
If a company is financially distressed there is a duty on the directors to consider business rescue.
Filing for business rescue in the early stages of financial distress greatly increases the chances of success.
Post Commencement Finance
BRP has enjoyed great success working with investors to save good business models.
This has not only resulted in the saving of a considerable number of jobs but also ensured great returns to the investors.
The survival rate of South African small, medium and micro enterprises (SMMEs) paints a bleak picture. Eighty percent fail in the first five years.
The revamped Companies Act of 2008 provides struggling businesses with all the help they need to get out of trouble with business rescue legislation, as set out in Chapter 6 of the Act.
The Companies Act of 2008 introduced the concept of Business Rescue to South Africa. Since then it has had the effect of saving dozens of companies that may otherwise have been liquidated.