Saving a leading engineering company through business rescue
Cast Products SA has been under the control of the turnaround team of Engaged Business Turnaround and Chrisyd Advisory Services for five months, after the firms were appointed to manage its business rescue in late January 2022. The team can now proudly state that the company has been stabilised through an intensive operationally-focused turnaround, and is achieving the monthly financial targets envisaged by the business rescue plan which was approved by 100% of creditors on 26 April 2022