Message from TMA UK President
Welcome to 2021
I am delighted to be writing to you as the new President of TMA UK. It’s a busy time for me as I have only recently joined the partnership at James Cowper Kreston and so to have 2 new roles in a month is exciting, as well as a little challenging. I have had the privilege of serving on the TMA Board for the last 3 years and chaired the committee that hosted the 2019 conference. Unfortunately, current circumstances meant that we were unable to host a 2020 conference, but we held a significant number of webinars instead as we adapted to these unprecedented times.
Firstly, I would like to thank our outgoing President, Peter Stevens. Not only for his excellent work in leading the TMA through the last 2 years, including what has been probably the most challenging time that the TMA has faced as an association, but also on a personal level for all his guidance and support he has given me in transitioning to taking over from him as conference chair and now as President.
Well, what a year 2020 was. 23rd March 2020 will most likely be a date no-one will ever forget – the day the UK went into lock-down and things don’t feel they have really improved since then as we go into yet another lockdown although at least we have some hope with the vaccines now being rolled out and the Prime Minister promises things will be much better by April. The year has taken a heavy toll on a number of sectors, the obvious ones being the travel and hospitality and leisure sectors, and all indicators point to extremely busy times ahead for Turnaround, Restructuring and Insolvency sector.
There was obviously an impact on the TMA from the events of 2020 as we were unable to hold many face to face events including neither our Regional or Annual conferences. We were on schedule to host almost 60 events in 2020 having held 55 in 2019 however, like most organisations across the Globe, we took our events online and have had support from the following organisations in running online webinars; Herbert Smith Freehills, FRP Advisory, Colliers, Duff & Phelps, Quantuma, Foot Anstey, Mourant, Christie & Co, DWF, Metis Partners, Manolete Partners and EMW Law.
Through these webinars, TMA UK have attracted over 5,000 attendees which is a true testament to the TMA UK name, brand and sheer support of our members and sponsors. Membership numbers continue to increase, and sponsors have continued to support us for which we are very grateful. A huge thank you to Adam Pye at John Pye & Sons Ltd, our Corporate Partner, for their continued sponsorship and support.
TMA UK is celebrating 20 years this year and we are hopeful that we will be able to celebrate this later in the year, but we will have to keep our plans on ice for the time being. However, our webinars will continue in the meantime until we are able to host face to face events once again, I am not going to try and predict when this might be!
My mission is to continue Peter’s excellent work and steer the Association through this challenging period, ensure that we celebrate our 20th anniversary, and continue to provide our members with interesting and relevant content. I would also like to connect TMA UK further into the TMA Global network and give our members the opportunity to network and open dialogue with the other 54 chapters around the globe. I have worked with the energetic and inspiring TMA Global CEO, Scott Stuart, since his appointment in 2018 and hope to build on the UK’s relationship with TMA Global for the benefit of our members.
Finally, I would like to thank all the voluntary members that contribute to the success of the TMA UK. This includes the TMA Board of Directors, the regional TMA Boards, NextGen committees and the NOW committee. Without this help, we would not have the successful association that we do have today.
I wish you all a successful year, I expect you will all be busy!
Paul Davies - Partner, James Cowper Kreston
More about TMA UK
The TMA is a truly global, member-centric organisation with almost 10,000 members worldwide in 20 countries. We are proud to welcome members from all parts of the turnaround market, including accountants, hedge funds, private equity houses, lawyers, corporate finance specialists, valuers and banks and even unions and members of Her Majesty’s government. TMA UK is honoured to be sponsored by over 30 turnaround organisations and thanks go to our UK sponsors.
We offer our members over 30 events annually across the UK. The sharing of insights and the important learning that takes place at such events form a vital part of the TMA project.
EACTP is an established, independent organisation within European turnaround and recovery. It's certification process has been recognized by the European States and the European Commission as an independent, high class player providing thorough expertise serving the turnaround community.