Corporate Distress
There comes a time when some company’s face corporate financial distress. This may be as a consequence of, among other things, poor trading conditions, bad management decisions or factors beyond the control of the business. Business failure may even result in the closure of a business.
While we believe that every effort should be employed to ensure corporate continuity, the factors may be such that this is not possible without the appropriate interventions.
Our ranges of services to companies facing financial distress cover, among other things, the following areas:
• Financial strategy to turn around distressed businesses with survival potential
• Assisting with or being involved in business rescue as contemplated under the provisions of Chapter 6 of the Companies Act
• The presentation and implementation of offers of compromise to creditors as contemplated under the provisions of Chapter 6 of the Companies Act
• Voluntary liquidations
• Assistance with involuntary liquidations