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WHO WE ARE
Onto the road to recovery
Revita Turnarounds Ltd was founded in 2003 by Mr. Socratis E. Socratous, with the aim of providing specialized consulting and restructuring services to companies which faced financial and strategic problems and needed proper professional guidance to turn their operations around and restore profitability. From 2014 onwards, in its new form, Revita has grown into an established consulting firm in Cyprus, offering help to distressed companies via strategic corporate governance, implementing succession planning procedures and carrying out daily financial consultation and implementing proper financial controls. Our Company also assists in the formation of new ventures and projects, startups, and performs business valuations for various purposes. Revita’s second pillar of services come from the Insolvency and Banking Representation department, witnessing a rapidly growing demand in recent years, both at retail as well as corporate level.
Our Company consists of a qualified team and a number of Associates, with significant experience in financial, accounting, banking, administrative and business issues. We believe in continuous learning, in honesty, respect and cooperation. With professionalism, empathy, discretion and flexibility, we aim to provide services that meet the needs of our clients and produce achievable, immediate and measurable results.
Our Services
01
Banking Representation
- Representation of clients in:
- Loan Acquisition procedures
- Loan Restructuring procedures
- Calculation of Loan Overcharges and Overdue Payments
02
Insolvency
- Certified Insolvency Practitioners
- Appointment in Companies under the capacity of:
- Examiners / Independent Experts
- Receivers/Administrators
- Liquidators (voluntary & involuntary liquidations)
- Governmental Debt Repayment Scheme cases (ΠΣΑ)
03
Business Consultancy
- Preparations of monthly Management Accounts and analysis
- Preparations of yearly Budgets (including monitoring and revisions throughout)
- Customised Management Information Systems (MIS) for decision-making
- Analysis of financial data and KPI benchmarking
- Corporate Business Plans & Feasibility Studies
- Business Valuation Studies
We offer great number of professional solutions
for you and your business
Totally Committed
Revitalize your company with our help
We help companies by providing expert consultancy services and financial guidance to restore profitability, by facilitating the implementation of accurate corporate strategy and governance and by supporting new ventures and projects.
2501 +
10 K
40 +
180 +
250 +
Success is A JOURNEY
not a destination
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Frequently Asked Question
Happy to Answer All Your Questions
An Insolvency Practitioner is a licenced physical person who is appointed to act on behalf of a company as a liquidator, a receiver/administrator or an examiner and on behalf of a physical person as a bankruptcy administrator, a temporary receiver of his/her property or a repayment plan advisor.
The Insolvency Practitioner helps insolvent individuals and companies by preparing a debt restructuring plan (after being aware of the financial data of the debtor), so that the debt becomes viable.
In order for a physical or legal person to become a client of Revita, the interested party needs to sign an authorisation letter, which will authorise Revita to communicate with third parties concerning the case of the client (e.g. banks, governmental and tax authorities, creditors/debtors, etc.).
Also an engagement letter will have to be signed at inception, which will set the guidelines of the cooperation.
It is of great importance that the client will have an idea of the solution he/she wants to achieve, in order for the team of Revita to decide on the action plan to be implemented and follow it so that measurable, specific and timely results can be achieved.
There is an initial charge of €60 (including VAT) for the first consultation/meeting. Following that, an engagement letter is prepared covering various aspects of the cooperation. The fee aspect consists of an initial (set up studying the case) fee, an hourly rate charge and a success fee upon positive completion of the case.
We are offering our services to both physical (individuals) and legal persons (companies).
Households can be protected from foreclosure through the below options:
- A Personal Repayment Scheme
- A Debt Relief Order issued from Court
For further details on the above plans, please refer to the Insolvency Guide.
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I express my deep gratitude to the team for the impeccable and productive service to the company activities based on the results of seven years of joint work I recommend the services
I express my deep gratitude to the team for the impeccable and productive service to the company activities based on the results of seven years of joint work I recommend the services
I express my deep gratitude to the team for the impeccable and productive service to the company activities based on the results of seven years of joint work I recommend the services
I express my deep gratitude to the team for the impeccable and productive service to the company activities based on the results of seven years of joint work I recommend the services
I express my deep gratitude to the team for the impeccable and productive service to the company activities based on the results of seven years of joint work I recommend the services
I express my deep gratitude to the team for the impeccable and productive service to the company activities based on the results of seven years of joint work I recommend the services
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