December 22nd, 2022
The role of the Business Rescue Practitioner (BRP) is to take-over the management of the affairs of a distressed company. This involves implementing strategic initiatives to improve and maximise financial profitability and sustainability and add value for all stakeholders involved, whilst averting personal and criminal liability problems for the Directors and stave off liquidation proceedings.
The BRP would become involved, (non-exhaustively), in the following aspects of the company’s activities and management:
It must however be noted that Business Rescue should not be viewed as a final resort, but rather as a strategy to ensure that an Enterprise flourishes.
By entering Business Rescue at too late a date, the possibility of a successful outcome is very limited.
We at Kallideen & Co. believe that under the right circumstances we can make a huge difference to distressed companies through our appointment as Business Rescue Practitioner.
Kindly contact our offices for more information or to schedule an appointment.
Kallideen & Co. Business Rescue Practitioners (SA)
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