BUSINESS RESCUE AND TAILOR-MADE SOLUTIONS FOR FINANCIALLY DISTRESSED COMPANIES

Companies may find themselves in financial distress due to factors outside of their control and may face the threat of liquidation. In these instances, TM Restructuring comes to the aid of such companies by providing the services of a senior Business Rescue Practitioner and/or a tailor-made financial restructuring. Timeous proactive intervention helps to restore financial health, contribute to business recovery and avoid insolvency.

INTRODUCING TM RESTRUCTURING

TM Restructuring was established by Trevor Murgatroyd (B.Com and LLB), who has over 20 years' corporate and investment banking experience. Appointed as General Manager in the Absa Capital Credit division in 1998, he was responsible for the credit risk of a diverse portfolio of clients before establishing the Workout & Recovery unit for Absa Capital in 2000.

In 2005, Trevor assumed responsibility for the Workout & Recovery function for Absa Group's Wholesale Banking (i.e. Absa Capital and Absa Corporate & Business Bank), where he was instrumental in many successful corporate restructurings on behalf of the Absa Group. Trevor was one of the quorum members for the Credit Committees of both Absa Capital and Absa Corporate & Business Bank and frequently chaired these meetings.

In 2008, Trevor left the banking industry to pursue a career in the business recovery, turnaround and workout industry, successfully designing, negotiating and implementing many workouts and turnarounds since then. TM Restructuring is based on this solid and successful track record.

Trevor was a Working Group Member for the launch of the South African Chapter of the Turnaround Management Association, where he served on the Board from 2008 to 2010 and continues as a member. He was also a member of the banking industry task group, which contributed to the Business Rescue legislation contained in the Companies Act of 2008.