The advent of the new companies act has resulted in a comprehensive revision of corporate governance and
corporate finance in South Africa. Not least of the changes in the Act is the introduction of business rescue in Chapter 6.
Corporate-911 is a direct response to the introduction of business rescue in South Africa.
Our aim is to position ourselves as a leading practitioner in the area of business rescue.
Corporate 911 also provides support services to the Shareholders, Board of Directors, Creditors, Staff and Management of businesses
in distress. We also work with Attorneys and Accountants providing advice to clients on business rescue. We provide information and
tools to assist these stakeholders to determine what viable course of action is open to them under the companies act.
This include pre rescue assessments and advice of strategic alternatives
Business rescue is a viable alternative to insolvency and liquidation in many cases. The Business rescue manager must develop the rescue
plan, have it approved by the majority of creditors and implement it. There are real and significant consequences for Boards, Creditors,
Holders of the Company Securities, providers of finance and Staff following the appointment of a business rescue manager. Communication
and accountability is core to our values.
Corporate-911 provides specific support for the finance functions of business in distress and aims to assist Boards, financiers and
financial executives in ensuring that the turnaround plans, board reports and forecasts of the business support the ongoing viability
of the business and the business rescue and turnaround plan.
Corporate-911 operates out of Centurion in Gauteng and is comprised of a network of senior professionals and experienced managers available
to assist your company through development, approval and implementation of a turnaround plan and business rescue proceedings. read more