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PURPOSE OF BIZ RESCUE LTD

“To provide insolvency advice and interventions to all companies in both the Nelson/Marlborough region and New Zealand wide.”

Call Geoff on 027 332 6759 for a free, confidential consultation today.

WHAT I CAN OFFER

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
• A brief report including recommendations.

Further assistance can be negotiated.

SAVING A COMPANY

Insolvency doesn’t necessarily spell the end of the company. The processes outlined in the Companies Act to save a company include:

  • Creditor Compromises & Schemes of Arrangement
  • Biz Rescue has experience with obtaining such agreements with creditors to enable companies to trade out of difficulty.
  • Voluntary Administration

I can help with agreements with creditors in a robust, formal framework. Again, Biz Rescue has experience in this area.

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 16 years Geoff has administered over 200 liquidations.

RECEIVERSHIPS

When a receiver is appointed by (usually) a secured creditor to take possession of specified assets. I have carried out a number of receiverships, both creditor and court appointed.

PREVIOUS INSOLVENCY ASSIGNMENTS

• Building companies

• Retail shops

• Vessel charter firm

• Scientific testing company

• Restaurants

• Theatre company

INSOLVENCY ISSUES

A company is “insolvent” when it is unable to pay it’s debts as they fall due, or when liabilities exceed assets.

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