Sick Companies Revival
Sick Company is a unit which is found to have procured accumulated losses equal or higher than its net worth at the end of any financial year. A company or industrial unit is also regarded as sick if it has failed to repay creditors in three consecutive quarters or has an accumulated deficit more than 50% of its net worth in the preceding four financial years.
The factors resulting in sickness may be internal or external. The internal factors could be mismanagement, improper planning, wrong dividend policy, excessive overheads. and unproductive assets. The external factors that lead to sickness include infrastructural problems, market recession, or change in technology. A combination of all such factors may have an adverse effect on the economy and cause industrial sickness.
Corporate Capital Ventures is a leading advisory for sick company revival. We provide the arrangement of funds, planning of strategic alliances and a wide range of other advisory services to such companies for their revival.