Turning crisis into opportunity, one business at a time.
Our team's dedication and expertise have allowed us to make a positive impact on the lives of hundreds of business owners. Through our hard work and commitment, we have been able to guide these businesses back to prosperity, ensuring a bright future for both the companies and their employees.
By taking quick action when financial difficulties arise, we can greatly improve the chances of success.About Us
At our core, we are dedicated to helping financially distressed businesses find a way out of their difficulties. We understand the stress and pressure that comes with facing financial challenges, and our primary goal is to provide solutions that alleviate the burden and pave the way towards a brighter future. We believe in not just rescuing the business itself, but also in supporting and caring for the individuals who are part of the distressed organization.
What We Do
Distressed Companies
Our approach is guided by a deep sense of empathy and understanding. We strive to approach each situation with the utmost sensitivity, recognizing the emotional toll that financial distress can take on both business owners and employees. We know that trust is a crucial component of our work, and we are committed to upholding the confidence that our clients place in us. This means handling sensitive information with care and maintaining strict confidentiality throughout the entire process.
Business Rescue aims to maximise the likelihood of a Company remaining in existence. It’s vital to take action as soon as financial problems appear potentially unsolvable. Once we have assessed the distressed Company’s situation and agreed to act, we immediately:
- determine whether there is a reasonable prospect if the Company can be rescued;
- assist with the application for Business Rescue Status through the following options:
- the Board of the Company may resolve that the Company voluntarily begins business rescue proceedings to CIPC;
- the Board of the Company can apply; or
- an Affected Person can apply to the court; and devise and propose a Business Rescue Plan.
During the commencement of the business rescue proceedings:
- the Company is protected against creditors;
- no legal action may be instigated, commenced or proceeded with;
- breathing space is created to structure the debts of the Company – such re-structuring will result in a better return for the creditors rather than an immediate liquidation of the Company; and
- the Company is supported with legal, accounting and management advice.
Creditors. Shareholders and Other Stakeholders
In addition to providing practical solutions, we also go above and beyond to protect our clients from any potential exploitation. We are acutely aware of the risks that financially distressed businesses face, and we work tirelessly to safeguard our clients' interests throughout the process. Our goal is not just to rescue businesses, but to empower them to thrive in the long term. By offering genuine support, protection, and care, we aim to make a lasting positive impact on the businesses we work with.
Business Rescue was founded in January 2001, the first company to be established in South Africa with its sole purpose to provide expert advice and service offering to the business rescue environment. Our expertise, strategic partner ships and profession alliances enable us to:
- provide advisory services with regard to business rescue proceedings and its impact on creditors, shareholders and other stakeholders;
- act as a Business Rescue Representative of Choice for creditors or stakeholders;
- provide an independent and expert appraisal of probable liquidation dividends for creditors or stakeholders;
- assist other Business Rescue Practitioners with independent and expert appraisals and valuations; and
- also impact on employees and/or their respective representatives.
