In situations where an organisation wishes to exit underperforming or non-core divisions and subsidiary companies, we will assist with critical tasks to implement the winding down exercise.
We can assist to arrange for:
Retrenchment of staff in an orderly manner and to manage the compensation and departure process for the staff in an independent and professional manner.
Disposal of plant equipment and property for the downsized or closed operations.
Act as interim management to take over from the retrenched staff pending full closure of operations to ensure a smooth exercise.
Once the operations have wound down, liquidators can be appointed to resolve all other outstanding matters such as income tax clearance before the winding up of the company is formally completed.