Sometimes all a struggling company needs is some fresh ideas and fine tuning.
Biz Rescue offers low cost assessments which involve:
meeting with managers and staff;
a comprehensive review of the main facets of the business;
a review of financial information;
identification of weaknesses and opportunities; and
a brief report including recommendations.
Further assistance can be negotiated.
B. Insolvency Services
A company is oeinsolvent when it is unable to pay its debts as they fall due, or when liabilities exceed assets.
1. Saving a Company
Insolvency doesn(TM)t necessarily spell the end of the company. The processes outlined in the Companies Act to save a company include:
Creditor Compromise (oeScheme of Arrangement)
Biz Rescue has experience with obtaining such agreements with creditors to enable companies to trade out of difficulty.
Fairly new to NZ, this allows for agreements with creditors in a robust, formal framework. Again, Biz Rescue has experience in this area.
2. Ending a Company
When there is little likelihood a company will be able to trade out of its difficulties the only option is liquidation. In the past 2 years Geoff has administered 11 liquidations.