Lapis Capital provides licensed Business Rescue Practitioners who take temporary supervisory control of financially distressed companies, stabilise operations, and structure a rescue plan built to be adopted — protecting value for shareholders, creditors and employees.
Lapis Capital is an independent restructuring and advisory practice providing asset tracing and recovery, transactional advisory, tax, corporate restructuring and business rescue. We combine analytical rigour with practical operational insight to deliver pragmatic, tailored solutions.
Every engagement is treated as a partnership — with the business and with its financiers — bringing full ownership to the matter from first assessment through to implementation.
We act as the appointed practitioner and carry the process ourselves — not a referral to someone else once the difficult part begins.
Appointment as BRP by board resolution or court order, taking control of the company's affairs and management under section 140.
Operational, financial and stakeholder restructuring aimed at returning the company to solvency, or securing a better return for creditors than immediate liquidation.
Drafting and publishing a business rescue plan that sets out the proposed rescue, the treatment of each class of creditor, and the basis for its adoption.
Running creditors' and employees' meetings, managing the vote, and reporting through to implementation or, where necessary, conversion to liquidation.
Identifying and recovering assets on behalf of the company or its creditors as part of the broader restructuring effort.
Support across transactions and tax matters that arise during a restructuring or rescue process, kept aligned with the wider plan.
Business rescue follows a fixed sequence under Chapter 6 — the same stages apply whether the company enters by resolution or court order.
A board resolution or court order places the company under supervision. The general moratorium on legal proceedings takes effect immediately.
The practitioner takes control of the company's affairs, investigates its state, and stabilises operations while a way forward is assessed.
A business rescue plan is prepared and published, setting out the proposed rescue and what each affected person can expect to receive.
Creditors and other affected persons vote on the plan at a formal meeting. Adoption requires the requisite majority in value and number.
The adopted plan is implemented and monitored by the practitioner through to substantial implementation or, if it fails, conversion to liquidation.
Turnaround work deals with severe underperformance in a business under distress. Entering with a fresh eye and complete objectivity lets us identify problems — and solutions — often not evident to those inside the company.
We work with management teams for as long as required to protect and create shareholder value — helping both the business and its financiers address the concerns that sit at the centre of any distressed situation.
Every solution is built to address the issues identified, grounded in facts and analysis rather than opinion.
Long-term, collaborative relationships across the organisation ensure skills transfer and lasting change.
Driving delivery matters as much as identifying the right solution — so we stay through execution.
Working alongside management day-to-day to improve business performance, not from a distance.
A wide-ranging understanding of industries paired with rigorous analytical practice — the combination that drives demonstrable results.
Tell us about the company and its position. We'll respond within one working day, in confidence.
Reinstating a business is not just a mandate — it is a commitment. We prioritise transparency, strategic thinking and effective execution across every stage of the restructuring and business rescue process.