Corporate Renewal Solutions
Business Finance in Johannesburg

Turnaround management and business rescue consulting firm fixing underperforming and distressed companies in Southern Africa.

As turnaround practitioners, we have since 1999 specialised in improving the results of under performing companies and saving distressed companies. Our vision is to be recognised as a major contributor to strengthening the economy of South Africa through the restoration of corporate value. In addition, we will participate in the business rescue of financially distressed but potentially viable companies in terms of new business rescue legislation as contained in Chapter 6 of the Companies Act. Expanding turnaround activity as the South Africa finds itself in a recession. In the public sector, turnaround activity has been high for years. For more information on development in the South African economy and its impact on the turnaround industry, see turnaround market watch. The SACCI Business Confidence Index in 2009 started to recover from its recession decline. Turnaround: Turnaround of severely under-performing companies, facing one or several acute and worsening problems associated with advanced corporate decline, but having the time and resources to find solutions. Distressed situation turnaround and business rescue: Business rescue of financially distressed companies but potentially viable companies in terms of Chapter 6 of the Companies Act. CRS Business Transformation helps moderately under performing companies, facing emerging problems and early warning signals of decline, to achieve and surpass industry performance standards. View the Corporate Renewal Solutions services at different levels of company health. Is your business already under performing or facing a crisis? Companies tend to act to late to adverse trends in industry drivers of a political, economic, social, technological, legal and environmental nature. Are debt levels and management turnover increasing? Are you starting to experience a general air of financial stringency, poor communication and housekeeping, low morale, managerial stress and organisational inertia? Perhaps your business is already facing a profitability, solvency or cash flow crisis. It is not necessarily too late to embark on a turnaround. Management of under performing and distressed companies needing professional turnaround expertise or business rescue to guide them through the turnaround process. Management of government departments requiring a turnaround approach to improvement in service delivery and financial performance. Boards of directors wishing to restore value to their their under performing or distressed companies when management cannot cope with turnaround requirements. Investors that are stuck with under performing or distressed assets and requiring improved results or profitable exiting. Banks and other lenders that are stuck with under performing or distressed loans and seeking restructuring solutions, workout plans and debt repayment programmes as part of a business recovery process. Companies in a turnaround process that will benefit from turnaround coaching. If your business performance is sluggish or below par, there are many good management consulting firms that can help you transform your business, including increasing sales and reducing costs.