Our mission

We aim at rescuing companies, businesses and individuals to prevent liquidation and / or sequestration.

Financially sound solutions

Enco administrators employs a professional and dedicated team which is able to handle all aspects of business recovery and insolvency with empathy.

 

Enco services

  • Business rescue of close corporations and companies

    As business rescue and turnaround practitioners, we have successfully improved the business of underperforming companies through our business rescue and turnaround mechanisms.

    We get involved with companies at all stages ranging from incorporation/formation, corporate governance, structuring, early financial problems and serious financial problems to potential and actual insolvency.

    Our business rescue and turnaround consulting services include the following:

    • Workshops indentifying early warning signs for companies with potential financial difficulty (Turnaround workshops)
    • Initial assessment and advice for companies with potential financial difficulty
    • Implementation of structures/guidelines/programmes/management to allow distressed companies to continue in the economic mainstream, ultimately securing positive cash flow and preservation of jobs.
    • Composition and Compromise with creditors.
    • Liaison with shareholders, financial institutions and creditors of the troubled company on workouts.
    • Corporate governance and restoration of corporate value.
    • Access to private and corporate equity finance to fund business rescue plans.
    • Judicial management of companies
    • If all turnaround and rescue methods fails - methods of liquidation of companies.

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  • Rescue of individuals and trusts

    In addition to our mainstream business of business rescue and turnaround management, we also assist individuals and trusts from being sequestrated through our rescue and turnaround mechanisms.

    We get involved with individuals and trusts at all stages ranging from structuring, estate planning, early financial problems and serious financial problems to potential and actual insolvency.

    Our rescue and turnaround consulting services include the following:

    • Workshops indentifying early warning signs for individuals and trusts with potential financial difficulty (Turnaround workshops)
    • Initial assessment and advice for individuals and trusts with potential financial difficulty
    • Implementation of structures/guidelines/programmes/management to allow distressed individuals and trusts to continue in the economic mainstream, ultimately securing positive cash flow.
    • Composition and Compromise with creditors.
    • Liaison with shareholders, financial institutions and creditors of the troubled company on workouts.
    • Good governance and restoration of creditability.
    • Access to private and corporate equity finance to fund rescue plans.
    • Advice/referral for debt counselling.
    • Estate planning.
    • If all turnaround and rescue methods fails - methods of sequestration of individuals and trusts.

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  • Formation of Trusts (Inter-Vivos, Family and Business)

    We recommend all individuals to form a trust. Proper use and implementation of trust mechanisms ensure asset and beneficiary protection in insolvencies, divorces and death.

    During the first consultation, we will advise our clients inter alias on the following:

    • Why everybody should form a trust
    • The advantages of having a trust
    • General notes to consider when forming a trust
    • Income and Capital beneficiaries

    The trust must be registered with the Master of the Supreme Court in whose area of jurisdiction the greatest portion of the trust assets are situated. If more than one Master of the Supreme Court has jurisdiction over the trust assets, the Master of the Supreme Court in whose office the trust was first registered will continue to have jurisdiction. On receipt of all the required documents, the Master of the Supreme Court may issue the nominated trustees with letters of authority to administer the trust.

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  • Wills

    Everyone should update their last will and testament on a regular basis. It is important to have your last will and testament drawn up in line with the provisions of your trust.

    We at Enco Business and Financial Administrators assist our clients drawing up their will (free service to our existing clients). We also take appointment as executor of deceased estates.

    Need a will? - Last Wills and Testaments can now be done securely online by completing the questionnaire.

    See the FAQ page on Wills

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  • Formation of companies and close corporations

    We at Enco Business and Financial Administrators always keep a number of shelf companies (private) and close corporations which can very quickly be converted and adopted for immediate use by our clients.

    A shelf company or close corporation is a business entity that was pre-registered. These companies/close corporations have no assets or liabilities and have never conducted business. These companies/close corporations were registered with the sole purpose of being sold.

    We supply all shelf companies/close corporations with a guarantee of having no assets or liabilities and never having conducted business.

    A shelf company is the fastest way of getting a business up and running. We can appoint the new directors within a day, enabling you to open a bank account and to start trading almost immediately.

    See comparison between a Company and Close Corporation in our FAQ page.

    Our service includes the following:

    • Name Reservation
    • Name change of the Company or Close Corporation
    • Appointment of directors or members
    • Appointment of auditors
    • Change of address
    • Corporate secretarial services

    We are registered agents and electronically linked to the CIPRO (Company and Intellectual Property Registration Office) and therefore enabled to speedily address all Cipro issues/registrations. (CIPRO is a division of the DTI).

    DTI  CIPRO

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