Turnaround Management & Restructuring
An unpredictable economy, strained labour relations, the political environment and non-payments by debtors are the major underlying causes of financial distress for companies.
A business turnaround and restructuring strategy may be a productive out-of-court arrangement between a company and its creditors with the focus on minimising its indebtedness.
SBRS and its associates possess the necessary skills to help our clients achieve an efficient result without having to incur major financial outlays.
We use the following processes to ensure a successful turnaround and restructuring of the business:
Due diligence of business
- Determine major areas of concern
- In-depth analysis of these areas
- Research best practices
- Develop in-depth focused strategy and implementation process to address areas of concern
- Present a strategic implementation programme
- Acceptance of turnaround and restructure restructuring strategy
- Appoint turnaround team
Commencement of business turnaround
- Implementation of the turnaround strategy
- Monitor progress and effects of turnaround
- Fine-tune turnaround implementation where needed
- Evaluate and analyse turnaround results
Manage the business turnaround
- Monitor progress and change brought about by turnaround
- Unlock further capacity and value
- Enhance ongoing performance
- Regular feedback to our client board
Compromises
SBRS offers the service of negotiating amicable compromises between the company in financial distress and its creditors.
Section 155 of the Companies Act of 2008 provides for a company in financial distress to restructure its financial affairs without having to enter formal business rescue proceedings.
This process permits your company to propose a suitable solution to payments with the result that the company may gradually be restored to its former financial health.
We assist with the chairing of creditors meetings, negotiations, proposal drafting as well as applications to the High Court obtaining an order to approve such proposals that have been agreed to by all parties concerned.
Due Diligence
Complete financial assessment and valuation of the company’s financial position.
Undertaking
On completion of the financial due diligence of the company, a turnaround agreement is compiled and presented for adoption to the board of the company.
On acceptance of the turnaround management agreement, commencement and implementation is effected.
Court sanction
On receipt of the signed compromise agreement, SBRS directs the sanctioning of the agreement by the High Court via our preferred legal offices.
Implementation
Upon receipt of the appropriate court order from the High Court, the compromise may be implemented by the directors of the company.
Strategic Business Rescue Solutions’ mission is to provide expert assistance and in-depth advice to companies seeking to improve their overall financial and operational performance.
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