What is Business Rescue
Business Rescue is an Alternative to Liquidation for Qualifying Companies.
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When to File for Business Rescue
Companies who Apply for Business Rescue Early have the Best Chance to be Turned Around Successfully.
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How to File for Business Rescue
We will Assess Your Business & Assist You in Preparing Resolutions & Applications.
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Business Rescue Activities
- Ensure Compliance with Legislative Requirements
- Engage SARS as Stakeholder
- Determine Lossmaking Activities
- Raise Working Capital in Most Effective Manner
- Monitoring Financial Ratios
- Prepare Detailed Employee Cost Plan
- Cost Cutting from a Zero Budget Approach
- Preparing Financial Reports
Restructuring of Operations
- Improve Financial Reports
- Renegotiate Contracts where Possible
- Optimize Resources including Merging Division
- Refocus Business Objectives to Most Sustainable Cost Centres
Corporate Reorganisation
- Advise on Key Performance Indicators
- Implement Corporate Governance Principles
- Manage Risk through Monthly Financial Meeting with Management
- Ensure Ongoing Legislative Compliance
- Educate Management on Financial Ratios
- Implement Sustainable Employee Costs
- Detailed Analysis of Expense Ratio to Sales Against Benchmarks
- Better Internal Controls
Long Term Sustainability
- Establish a New Company Culture
- Obtain New Work & Business Opportunities
- Rebrand Business
- Focus on Sustainable Sales
- Daily Sales Monitoring
- Create a Culture of Consistent Feedback
- Ongoing Monitoring & Evaluation
- Prepare Monthly Management Reports Instead of Ad Hoc Reporting
The Most Valuable Commodity is Relationships
Coert Grobbelaar
Managing Director
Coert's profile
I have over 10 years’ experience in
- Preparing Management Accounts
- Analysing Financial Statements to Determine Businesses Turnaround Feasibility
- Preparing Statutory Records & Advising Companies on Statutory Compliance Amid Financial Challenges as a Registered Tax Practitioner
- Restructuring of Employees , Calculating & Advising on Compensation to Make Businesses Sustainable
- Consulting Management on the Core Value Proposition of a Business
- Assisting Businesses with the Valuation & Selling of Businesses in Financial Distress
- Analysing Cost, Advising & Guiding Clients on Cost-Cutting & Implement Rigorous Cost-Cutting Measures in Retail Stores
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