Recovery and Restructuring
Since The Companies Act, 71 of 2008 introduced Business Rescue legislation to enable the rehabilitation of economically viable but financially distressed companies, Mazars’ Business Rescue experts have been assisting financially distressed companies, irrespective of size or situation, find the best solution.
Our underlying philosophy is to resurrect a failing business, make it commercially viable and facilitate the realisation of its full market potential. The Business Rescue process will give businesses a second chance as well as preserve the jobs of employees.
• Business Rescue viability assessments
• Comparison of Business Rescue vs Liquidation
• Acceptance of appointment as Business Rescue Practitioner
• Management/Turnaround specialists
The dedicated team of Business Rescue professionals is resourced to attend to assignments across all our South African offices. We are skilled in assisting financially distressed companies find the best possible solution, whatever the situation. Mazars maintains a distinct advantage as we offer an integrated and independent service across a range of markets and sectors.
We are recognised internationally for our work in the Business Rescue space and our local South African team is regularly called upon to consult to international partners and service providers. That Mazars is a global firm of more than 13 500 professionals, means we can also call on the experience and capabilities of our global partners to provide you with the best solution for your business.
Our recent assignments
Mazars Business Rescue Services has been involved with a number of Business Rescue assignments across a wide range of industries, including (but not limited to);
• Civil Engineering - Construction
• Financial Services
Many people consider Business Rescue as a last resort. If you think your business may be in trouble take action immediately and let us help you turn your business around before it is too late.