"If we are costing you money, we are not doing our job"
In the face of financial crisis, liquidation is not your only option.
Business rescue in South Africa, as introduced by the Companies Act of 2008, offers a structured way to save financially distressed companies with a reasonable prospect of recovery. At Thyme-Workshop, we specialize in business rescue services across Southern Africa, helping companies stabilize, restructure, and emerge stronger than before.
Business rescue is a legal process designed to provide temporary supervision to a company facing financial distress, allowing for the development and implementation of a rescue plan. This process aims to:
Prevent liquidation
Preserve jobs
Maximize returns for creditors
Create a sustainable turnaround strategy
In South Africa, business rescue is governed by Chapter 6 of the Companies Act and overseen by the Companies and Intellectual Property Commission (CIPC).
We follow a customized, compliant, and strategic approach:
We evaluate your company’s financial position and determine business rescue eligibility.
We work with or provide registered and experienced BRPs, ensuring full compliance with the CIPC process.
Our expert consultants build a tailored strategy, including financial restructuring, debt negotiation, and operational reform.
We facilitate transparent communication with stakeholders and guide voting on the rescue plan.
We assist in the execution of the plan, ensuring milestones are met and providing ongoing strategic input.
Unlike liquidation, where assets are sold and operations cease, business rescue gives your company a second chance. In fact, between 2011 and mid-2022, over 4,300 companies entered business rescue in South Africa. 19% reached successful implementation, significantly better than the 10% success rate of Chapter 11 in the United States.
Choosing the right business rescue partner increases your chances of success. That’s where Thyme-Workshop comes in.
across manufacturing, agriculture, services, and retail
with deep CIPC process knowledge
from assessment to plan execution
Whether you’re facing a specific challenge or just want to explore what’s possible, we’re here to listen. No pressure, no jargon—just a real conversation about how we can help your business move forward.
Let’s connect
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