CRS offers a range of business rescue services in terms of Chapter 6 of the new Companies Act (see Business rescue in South Africa, Business rescue legislation and Business rescue regulations on the website of CRS Business Rescue).
Will business rescue work for you? This one-day seminar for your board and senior executives is designed to provide guidance.
- Comparison of advantages and disadvantages of business rescue versus other procedures to save a financially distressed company e.g. sale, merger, workout and compromise with creditors.
- Overview of business rescue, the process, role of the practitioner, impact on stakeholders.
- High level assessment of short-term survivability, business rescue viability and business rescue readiness.
- Recommendations on how to proceed with regard to stakeholder management, selection of the business rescue practitioner, and commencement planning.
Our crop of business rescue practitioners will benefit from:
The larger the company, the less likely it is that the practitioner alone can manage the company, investigate the affairs of the company, and develop and implement the business rescue plan.
CRS Business Rescue will provide the required support services to analyse the company, and to develop and implement the business rescue plan to stabilise, fund and fix the company in strategic, organisational and operational terms.
Additionally, from our network of law firm, CRS will provide the assistance of top attorneys who have been involved in business rescue legislation matters.
Corporate Renewal Solutions offers a wide range of turnaround consulting services for under-performing and distressed companies:
For a detailed description of the various turnaround services, go to to Turnaround consulting services on the CRS Turnaround Management web site.
Turnaround applies to troubled companies. Turnaround of under-performing companies applies to companies with acute and worsening problems, but having the resources to address their problems.
Distressed situation turnaround applies to companies in crisis due to near insolvency or insolvency, but possibly viable.
Turnaround is driven by acute financial and insolvency considerations.
It is characterised by emergency management, the need for funding and financial restructuring, more rapid and incisive action than business transformation, a more assertive and directive approach than business transformation, and possible leadership changes rather than mere leadership alignment.
In turnaround, stakeholder management is extended from business transformation's internal stakeholders (management, employees and unions) to financial and external stakeholders such as investors, lenders, suppliers and customers.
For more information, please see Business transformation consulting services on the web site of CRS Business Transformation.
CRS Management Consulting consults in leadership, strategy, financial, organisation and operations:
For more information, go to Management consulting services on the web site of CRS Management Consulting.