rescue
business

In today’s dynamic economic landscape, navigating financial challenges can be complex, but you don’t have to face it alone. With a newly integrated Business Rescue division, Cilliers & Reynders Inc. offers an expanded scope of expertise to guide financially distressed companies through structured, supportive turnaround processes. In collaboration with STURNS, we bring decades of experience across multiple sectors, ensuring a comprehensive approach to business rescue that’s practical, compassionate, and results-driven.

Our Track Record of Success

With experience handling complex business rescue cases for prominent clients—such as Woestalleen Holdings, Quikfood Supermarkets, Alpine Swiss Foods, Vantage Goldfields, and 1time Airlines—our team brings proven strategies to the table. We work across sectors, from logistics to manufacturing and mining, utilising frameworks that ensure the best possible outcomes for all parties involved.

Why Choose Cilliers & Reynders Inc. for Business Rescue?

• Proven Experience Across Industries: A track record of successful outcomes for companies in mining, retail, logistics, and beyond.
• Customised Strategies: Tailored plans that align with industry best practices and client goals.
• Dedicated Support: Compassionate guidance and communication with all stakeholders, ensuring a smooth and transparent process.
• Focused on Sustainable Outcomes: Our primary goal is to ensure businesses can emerge stronger and more resilient from financial difficulties.

Our Team

Dr. Gert Holtzhauzen

Chief Executive Officer

Email: Gerhard@sturns.co.za

Henk Cilliers

Director, Commercial

Phone: 012 667 2405
Fax: 012 667 4067
Email: henk@cilreyn.co.za
Office: Centurion

Contact us today

Discover how Cilliers & Reynders Inc. can help your business navigate the complexities of financial distress with our enhanced Business Rescue services. Contact us for a consultation and to explore how we can support your path to recovery.

Frequently Asked Questions
11. What is business rescue?
Business rescue is a procedure aimed at rehabilitating a financially distressed company. The company is placed under the temporary supervision of a business rescue practitioner who manages its affairs. During this time, there is a moratorium on the rights of claimants against the company or its assets. A business rescue plan is then developed, which may involve restructuring the business, its assets, debts, liabilities, and equity.
22. What is the purpose of business rescue?
The purpose of business rescue is to restructure the company’s affairs in a way that enables it to continue operating in the future or, alternatively, to achieve a better return for creditors than what would result from liquidation.
33 .Is business rescue a better alternative than liquidation?
Yes, if the company has good prospects of recovery. Business rescue aims to restore the company to profitability, preserving jobs and allowing it to continue contributing to the economy.
44. What is an affected person?
An affected person is anyone with rights throughout the business rescue process. This includes directors, shareholders, employees (or their representatives), and trade unions representing the company’s employees.
55. Who benefits from business rescue?
All affected parties can benefit from this process. Creditors may receive a better return than through liquidation, while the company itself may continue to exist, saving jobs and maintaining its role as a contributor to the economy.
66. Can any company be placed under business rescue?
No, only companies that are financially distressed and have a reasonable prospect of recovery can file for business rescue.
77. Can any business entity be placed under business rescue?
No, not all business entities are eligible. Only companies may file for business rescue. Trusts and sole proprietorships cannot apply for business rescue.
18. Can a close corporation be placed under business rescue?
Yes, under the new Companies Act, a close corporation is classified as a company and can be placed under business rescue.
29. What is meant by financial distress?
A company is in financial distress when it is uncertain whether it can pay its debts as they become due within the next six months or when it is unlikely to remain solvent during that period.
310, When should a company file for business rescue?
A company should initiate business rescue proceedings at the first signs of financial distress. If distress worsens, other options, such as takeovers or liquidation, may become necessary.
411. Who may place a business in business rescue?
Any affected person may apply to the courts to place a company into business rescue. Alternatively, the directors may voluntarily file for business rescue, provided the company is financially distressed and has a reasonable chance of recovery.
512. How is a company legally classified in terms of its size?
A company is classified as small, medium, or large based on its public interest score, which also determines the category of business rescue practitioner qualified to oversee the process.
613. What is a public interest score?
A public interest score is used to determine a company’s size at the end of each financial year. Companies with a score of less than 100 are classified as small, those between 100 and 500 as medium, and those above 500 as large. State-owned or public companies with a score under 500 are classified as medium-sized.
714. How is the public interest score calculated?
A public interest score is calculated at the end of a company's financial year as follows:


•	One point for each average employee employed during the year.

•	One point for every R1 million (or part thereof) of third-party liabilities.

•	One point for every R1 million (or part thereof) of turnover.

•	One point for each shareholder.


The sum of these points determines the company’s public interest score.

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