In certain instances a
turnaround, recovery or sale of a business is not the optimal solution for
stakeholders.
In such instances, one of
the possible solutions is a wind-down of the business, either as part of an
informal process, or a formal process (such as Business Rescue).
The wind-down process aims
to wind-down the business as effectively as possible, while maximising value
for stakeholders.
The process involves a
combination of various procedures, dependent on the specific matter, such as: