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Introduction

Business waters are not always smooth sailing waters.  Sometimes life happens and unwanted situations come to hand.  We also offer liquidation services to our clients.  Ethically and professional.

An alternative is the Business Rescue option.  This option gives your business the opportunity to come clear without having to start from scratch.  We also try to compromise with creditors.

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We are accredited by SAIPA to issue BBBEE certificates for Exempt Micro Enterprises.  These are business with an annual turnover of less than R10 million.  Should you need any assistance please contact us.

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Sub-Services

> Business Rescue

> Liquidation

> Small Business BEE Certificates

Frequently Asked Questions

1

How do I place my business under Business Rescue?

Once your business is under financial stress, and trading in an insolvent state the directors may apply to have the business set under business rescue, where compromises can be met with creditors and a business rescue plan set in place. A business rescue practitioner must be signed on to take over all the financial duties of the company. If the business rescue plan does not work the company will file for liquidation.

2

How do I know when I should voluntary liquidate my Company?

When the liabilities exceed your assets, and current liabilities cannot be paid on time and the company is running at major losses with negative cash flows and no future contracts are extended or future economic growth can be realised.

3

How do I know if I need a BBBEE certificate?

If the customers you are working with require your BBBEE certificate or scorecard to better their scoring points on BBBEE and your turnover exceeds R10 Million per annum. Then you will require a certificate.

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