Sturns Services

STURNSOUR SERVICES

Inde­pen­dence and experience

Founded on aca­d­e­mic excel­lence and exten­sive prac­ti­cal expe­ri­ence, STURNS focuses exclu­sively on the busi­ness res­cue process in South Africa. Entirely inde­pen­dent, we are not affil­i­ated to any liq­uida­tor, attor­ney or account­ing firm. If required, prac­ti­tion­ers with the same busi­ness ethics are consulted.

We are ide­ally posi­tioned to instruct and advise cor­po­rate boards and cred­i­tors due to a wealth of prac­ti­cal expe­ri­ence in busi­ness res­cue procedures.

Sup­port and advice for directors

It is often nec­es­sary to obtain an inde­pen­dent, alter­na­tive view of a busi­ness to estab­lish the require­ments of a busi­ness res­cue inter­ven­tion. The process is fraught with pit­falls. We have the expe­ri­ence and knowl­edge to advise a board of direc­tors on the ben­e­fits and draw­backs of the entire busi­ness res­cue procedure.

We pro­vide an inde­pen­dent review of the com­pany and offer input as to the via­bil­ity of a proper busi­ness res­cue plan as this is the most impor­tant out­put of the process.

Sup­port and advice for creditors

As a con­se­quence of per­haps unwit­tingly sup­port­ing a fail­ing busi­ness, cred­i­tors are often reluc­tantly drawn into the busi­ness res­cue process. The process is struc­tured. As such, it is imper­a­tive that cred­i­tors are aware of their rights and their respon­si­bil­i­ties. As an affected party, a cred­i­tor is sig­nif­i­cantly influ­en­tial party in deter­min­ing the company’s future under busi­ness res­cue. We are able to advise cred­i­tors of their rights, pro­vide pos­i­tive input and assist in the deci­sion of whether to sup­port a pro­posed busi­ness res­cue plan or not.

Sem­i­nars: The A to Z of busi­ness rescue

Since busi­ness res­cue is a rel­a­tively recent devel­op­ment in the South African milieu, STURNS con­ducts com­pre­hen­sive sem­i­nars to ensure that cor­po­rate man­age­ment and per­son­nel under­stand all aspects of the process. The sem­i­nars are diverse, from train­ing of cler­i­cal employ­ees to direc­tors of listed enti­ties. Day sem­i­nars are avail­able, whereby a host of top­ics are addressed by expert guest speak­ers. In addi­tion, in-​house train­ing, tai­lored to the spe­cific require­ments of your organ­i­sa­tion, can be arranged.

The human touch

In our expe­ri­ence, dur­ing the busi­ness res­cue process, man­age­ment and employ­ees suf­fer enor­mous psy­cho­log­i­cal pres­sure. As part of the busi­ness res­cue process, STURNS pro­vides the ser­vices of a coun­selling psy­chol­o­gist and a debt-​counselling prac­ti­tioner. Employ­ees and their imme­di­ate fam­ily mem­bers are encour­aged to avail them­selves of these services.

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