Is mass unemployment an inevitability?

In June the Organisation for Economic Cooperation and Development (OECD) released a report predicting that Britain’s economy is likely to suffer the worst damage from the Covid-19 crisis of any country in the developed world. Predicting a slump in...

Have you entered your nomination for the NextGen Young Professional of the Year 2020 yet?

The deadline for applications is 31st August 2020.

Not only will the winner of the award, sponsored by Veritas Commercial Services, enjoy gift vouchers from John Lewis and 3 years membership of the TMA, but the great team at CA Global Partners...

The Advantages of Transparency in a Business Crisis

It is estimated that, on average, a business will face a crisis every four to five years. But how business leaders respond to a crisis varies immensely and the instinct of many is to keep the fact that there is a crisis quiet, perhaps believing they...

Colliers Webinar Series | Part 2: Real Estate Construction. Managing Development Risk

Part 2 of our webinar series with Colliers International took place on 17th June and we heard from six expert panellists on how real estate construction has been affected by Covid-19 and how development risk can be managed going forward.

We thank...

Bounce Back Loan: Free money or unrepayable debt?

Since the Government’s Bounce Back Loan Scheme (BBLS) was launched on 4th May over £23 billion in loans has been approved to provide a lifeline to more than 780,000 SMEs and sole traders (HM Treasury).

But in the months and years ahead, will the...

Imaginative Strategies for Restructuring and Turnaround Professionals post Covid-19

In our latest TMA meeting we had a panel of speakers discuss the Corporate Insolvency and Governance Bill and how the measures it introduces can be utilised by restructuring and turnaround professionals to help companies in the wake Covid-19.

The...

Retail will not look like this for some time to come

A complex jigsaw puzzle for directors in planning a post-coronavirus retail strategy

As more restrictions are relaxed, allowing increasing numbers of retailers to re-open, directors have many issues to consider when planning their retail strategy...

Corporate Insolvency and Governance Bill: Welcome, but will it promote turnarounds?

The Government recently published its draft Corporate Insolvency and Governance Bill which makes several significant changes to the UK’s corporate and insolvency framework. Its aim is to help companies maximise their chances of survival, protect...

Colliers Webinar Series | Part 1: Hotels & Hospitality. The Road Out of Lockdown to a New Norm

In our most recent webinar, kindly hosted by Colliers International and moderated by Nick Hammond from Colliers, we heard from four experts including Tim Rumney, Chairman of Best Western Hotels & Resorts, who each gave us their take on what the road...

How Can Businesses Prepare for Life After Lockdown?

Just three months ago no one had heard of Covid-19 yet in a short period of time it has come to dominate the rhetoric and completely change how we live, work and socialise. Businesses have faced an unprecedented level of disruption and as with any...

The Shape of Things to Come

Maurice addressed an audience that topped out at a little over 300 on-line attendees, kindly hosted by FRP Advisory and moderated by Adrian Doble from TMA UK. This really impressive webinar can be accessed here. 

Maurice started by relating...

Permanent change in our post lockdown behaviour

Is it likely that there will be a permanent change in people’s behaviour post lockdown? 

How people’s behaviour might change post lockdown is something that may be crucial for SMEs in planning ahead.

While it may be a long time yet before the...

Covid 19 – A perfect Opportunity for Diversity and Inclusion to lead the charge to the “new normal”

By Joanne Rumley

4th May 2020

For a number of years now we have heard businesses talk about the importance of diversity and inclusion and seen conscious efforts made to proactively address diversity deficiencies. This is based on robust...

Covid-19: building resilience and preparing for recovery

For the majority of businesses, the initial reaction to coronavirus was about managing the shock, even for those with the most robust crisis response plans. While some firms remain in survival mode, many have been busy shoring up their ability to...

Peter Stevens - TMA UK President welcomes Jonathan Hughes - onto the TMA UK Board of Directors

Jonathan Hughes - Regional Sales Director, Leumi ABL Ltd

Jonathan has nearly forty years experience in asset based lending, split between operations, (Client management & audit), and sales. Mainly focussed on Thames Valley, Solent & South West....

UK Government to Temporarily Suspend Wrongful Trading Provisions in Response to Covid:19

On 28th March the Business Secretary, Alok Sharma, announced several new measures to help businesses through the financial impact of Covid:19 so they can emerge in-tact once the crisis is over.
 

He said the Government’s overriding objective is “to...

London 4th March Freshfields event write up

Despite concerns about Coronavirus we had an excellent turnout for the latest event kindly hosted by Freshfields. We were given a highly professional presentation by Dawn Heath and Lindsay Hingston on the anticipated changes to pension legislation...

Planning for 2021 - Peter Stevens, TMA UK President

This is my second year as President of the UK chapter and in line with previous Presidents I will be stepping down from the role at the end of the year. I am pleased to announce that the Board has confirmed our support for Paul Davies to take over...

TMA NOW celebrates International Women’s Day early!

On 12 February, TMA NOW hosted a breakfast panel discussion on “Female Leadership: Strength in Numbers”. The fantastic panel (Leonora Daniel, Global Head Recovery Management at Credit Suisse International, Lisa Rickelton, Managing Director at FTI...

Review: The London Business School and TMA UK Panel Conference on 5 February, 2020

Last Wednesday, we were pleased to see TMA members and students at the panel conference, jointly organized by the TMA and the LBS Turnaround and Restructuring Club.

With the bold title of “Turnaround or Burial? A Reflection of Recent Company...

Businesses need to embrace turnaround if they are to survive and thrive

The Turnaround Management Association is the only organisation dedicated to people working in all aspects of business turnaround and renewal, both in the UK and globally.

Our primary focus in the UK is to provide members with regular events that...

TMA UK appoints new Director

Peter Stevens - TMA UK President welcomes Jenny Oldfield - Veritas Commercial Services onto the TMA UK Board of Directors.

Jenny Oldfield - CEO Veritas Commercial Services

Following her 10 years work at PwC developing receivables services to the...

Standing room only at the TMA January 2020 event in London

In what has become an annual tradition (this was the fourth year), we were once again entertained by Avison Young. Our host Ros Goode, Head of London, opened by explaining that the previous brand of GVA had been replaced at the start of 2019...

Thanks for Joining Us

Message from TMA UK President

I hope you had an enjoyable Christmas break and are refreshed and raring to go as we enter this new decade.

Last year we had a record breaking year, with more events than ever before and a great level of support from...

Post Conference Review 2019

TMA UK 2019 Annual Conference in London:

Review of the day by Conference Committee Chairman Paul Davies, Partner at BTG Advisory

We once again returned to the Royal College of Physicians for our Annual conference with the theme, Be Inspired:...

TMA UK NOW October 2019 event - A great success!

On 30th October TMA NOW hosted their first event since the launch event earlier in the year in the form of an insightful and lively debate on the motion of “Changing legal framework in the restructuring space – should the UK insolvency system become...

TMA UK South East Counties launch event - Write up

Weakening World manufacturing output provides an appropriate backdrop to TMA UK South East Counties launch event.

TMA UK launched the eighth region to date to a packed room at Irwin Mitchell's offices in Gatwick, hosted by Senior Associate...

Weil to sponsor TMA UK Annual Conference 2019

TMA UK is delighted to announce that Weil will also be sponsoring the TMA UK Annual Conference taking place on Thursday 14th November at The Royal College of Physicians, London.

Weil’s London office is a leader in the UK legal market, and is the...

TMA UK Golf Day - huge success

The TMA UK Annual Golf Day was held on Wednesday 17th July North Hants Golf Club and attended by 10 teams of 4 players in each. The weather was very kind to us and the hospitality received by Simon Laird and team was first class throughout the day...

Veritas to sponsor TMA UK Annual Conference 2019

TMA UK is delighted to announce that Veritas Commercial Services will be sponsoring the TMA UK Annual Conference taking place on  Thursday 14th November at The Royal College of Physicians, London. 

Veritas Commercial Services offer turnaround...

TMA UK Regional Conference - event summary

Another success for TMA UK

On 19 June 2019 the TMA UK launched its inaugural regional conference being held in Leeds at Aspire. The initiative and drive to do this was run by the regions and led by the conference chair Rashmi Dubé. The hard work...

A fantastic inaugural event from TMA NextGen Bristol

We were delighted to see attendees from a wide variety of organisations coming together for our first NextGen event in the South West at Foot Anstey's offices.

Many thanks to Ross Connock and Alex Samuels of PwC who provided an engaging...

TMA UK continues to grow in 2019

TMA UK is continuing to grow from strength to strength during 2019. By the time we get to the end of June TMA UK will have held almost 30 events attracting over 1500 delegates.  A further 12 events dates have been confirmed for the rest of the year...

Another successful event for TMA UK

On 8 May 2019 the TMA enjoyed the hospitality of leading international law firm Herbert Smith Freehills.

Delegates enjoyed a presentation from Herbert Smith Freehills partners Kevin Pullen and John Chetwood, complemented by a case study from...

Another successful event for TMA UK

Our latest event in London was hosted and sponsored by Aldermore, at the Soho Hotel, which proved to be a great venue with a downstairs cinema room being the setting for a fascinating panel discussion.

The theme of ‘1 year from Carillion’ proved a...

No deal Brexit cash-flow

According to Paul Davies of accountancy firm, Menzies LLP, a combination of longer lead times on imported goods, increased red tape and additional costs incurred due to increased stock holdings could see manufacturers facing significant cash-flow...

Huge success for TMA NOW (Network of Women) event last night!

Turnaround Management Association Network of Women (NOW) launched with a hugely successful event yesterday evening attended by women from the turnaround and restructuring industry. The event was hosted and sponsored by Weil and TMA board member...

Another successful event for TMA UK

Last Wednesday Gordon Brothers hosted the latest TMA event in London, with the topic – “Past, present and future of appraisals” 

Duncan Ainscough, Neal Weekes and Mike Sanderson, who between them have over 75 years’ experience as valuers, took to...

Another successful event in Birmingham

On 23rd January 2019 Colliers International hosted the TMA in Birmingham for a discussion about the retail sector, looking back into 2018 and forward into 2019. A panel consisting of William de Lazslo of Agathos Management LLP, Tim Bateson of KPMG...

Standing room only at the TMA January 2019 event

A fantastic way to start 2019!

Retail woes are here to stay but the money keeps on flowing.....

Standing room only at the TMA January 2019 event once again sponsored and hosted by GVA. The evening was opened with words by Peter Stevens (TMA UK...

TMA UK President - end of year message

As my two years of Presidency draw to a close I am reminded of the commitment I made on being elected - “Thought Leadership and Networking” along with leaving TMA in a better shape than I inherited it were key thoughts in my mind. 

As we reach the...

James Parkinson wins TMA NextGen ‘Professional of the Year’

Many congratulations to James Parkinson, Restructuring Advisory Manager, who recently won the Turnaround Management Association NextGen ‘Professional of the Year’ award at the 2018 TMA conference. James comments: “I am delighted to receive...

Andrew Pepper - TMA UK President Welcomes 2 new board members

Andrew Pepper - TMA UK President welcomes David Brindley - CA Global Partners and Peter Brewer - Clarke Willmott LLP onto the TMA UK Board of Directors

David Brindley - European Managing Partner, CA Global Partners.

David has over 15 years...

The First 100 Days: Unleashing

My first 100 days as CEO of TMA have been storied. With each person I touch, each chapter I visit, and each initiative we roll out, I am reminded of the power of the Big Tent that is TMA. It is strong, and it is growing.

I continue to be motivated...

Brexit, Insolvency, and Restructuring in the U.K.

Post-Brexit, how would creditors in the U.K. retrieve assets that had been transferred to Europe? How would creditors recover debts from European Union (EU) companies that are insolvent? This article looks at how the European Regulation on...

Brexit: Planning for after a ‘Black Swan’ event

Some dreamed of it and others dreaded it, but nobody actually expected the Brexit referendum result. As such, politicians and business leaders seemed unprepared for the negotiations and practicalities of Britain’s exit from the European Union.

Metis Partners Ltd to sponsor Annual Conference

TMA UK are delighted to announce that Metis Partners Ltd will be sponsoring this years Annual Conference.

Metis Partners was set up in 2003 by founder and director, Stephen Robertson, and in the time since, we have grown to become an expert team...

TMA UK welcomes Adam Pye to the Board

TMA UK are delighted to announce that Adam Pye of John Pye & Sons Ltd has joined the TMA UK Board as a Director.

Adam Pye is Managing Director of John Pye & Sons Ltd, the holding company for the UK’s largest network of valuation and disposal...

Alternative Finance: What to look for in a lender?

With traditional avenues of funding increasingly difficult to access for SMEs, SME Capital’s Peter Stevens suggests what to consider when choosing an alternative finance provider.

For many SMEs, accessing meaningful credit lines through traditional...

HMRC changes that could disrupt your firm’s cash flow

Subtle changes in the approach being taken at HMRC could cause more UK SMEs to get into cash flow difficulties, explains Simon Underwood, a business recovery partner at accountancy firm Menzies LLP.

Among the HMRC changes currently being noticed is...

Weil to sponsor the TMA UK annual conference

TMA UK is also delighted to announce that Weil will be sponsoring the TMA UK Annual Conference.

Weil’s London office is a leader in the UK legal market, and is the hub of our European practice. We support a varied client base of European, US and...

What a great year so far!

Welcome back! We do hope you had a great summer!

TMA UK have been busy over the last 9 months… 

2018, TMA UK have gained 90 new individual members and 4 Corporate Sponsors.

We have so far held 22 events to date, attracting over 1500 bookings and...

Insolvency Law Reform

Major Insolvency Law Reforms aim to ensure the “UK is the best place in the world in which to invest and do business.”

Following a consultation in 2016, the government have announced a number of new rescue measures aiming to strengthen the...

What else should you be doing?

There has been a lot of talk in the press about companies failing to turnaround, such as House of Fraser that recently went into administration, or, in some instances, companies that state that they are restructuring, with a view of turning around...

SIA Group joins TMA UK as our newest sponsor

Andrew Pepper - TMA UK President welcomes SIA Group as its newest Sponsor.

SIA Group is a distinctive asset appraisal, advisory and disposal business providing a diverse range of asset valuation solutions to asset based lenders, banks, private...

THE DEATH OF BRICKS AND MORTAR RETAIL CVAs AND WHAT THEY MEAN FOR LENDERS

Almost every week there is media coverage of a different retailer entering into a company voluntary arrangement (“CVA”).  While there has been a great deal written about what CVAs mean for landlords (where CVAs are used to reduce rental costs) there...

SME Capital to Sponsor the TMA UK Annual Conference

TMA UK is delighted to announce that SME Capital will be sponsoring the TMA UK Annual Conference taking place on Thursday 15th November at The Royal College of Physicians, London.

The lending market is evolving and we at SME Capital are at the...

Wells Fargo Capital Finance to Sponsor the TMA UK Annual Conference

TMA UK is delighted to announce that Wells Fargo Capital Finance will be sponsoring the TMA UK Annual Conference taking place on Thursday 15th November at The Royal College of Physicians, London.

Wells Fargo Capital Finance delivers bespoke funding...

TMA Forms a North East & East Midlands Board

Andrew J Pepper President TMA UK is delighted to announce that The Turnaround Management Association ("TMA") has formed regional boards in the North East and East Midlands.
 
The TMA is a member's organisation formed to promote the interests of...

Another successful event! Freshfields 6th June

Freshfields kindly hosted and sponsored our London event last week - an update on European Restructuring law expertly delivered by doyen of the industry Richard Tett in customary and consummate style. What is clear is that the continental European...

TMA UK Welcomes John Pye & Sons Ltd as its Newest Corporate Partner

Andrew Pepper - TMA UK President welcomes John Pye & Sons Ltd as its newest Corporate Partner.

John Pye Auctions is the UK's leading commercial auction house network, fusing traditional auction principles with modern day digital technology.
Our aim...

TURNING AROUND TITANIC?  RESOLVING CONFLICT IN THE BOARDROOM

TURNING AROUND TITANIC? 

RESOLVING CONFLICT IN THE BOARDROOM

Where a turnaround professional has accepted a position on the board of a company in distress, it's all too easy just to focus on the numbers and the turnaround plan.  After all, that's...

Veritas Commercial Services to Sponsor the TMA UK Annual Conference

TMA UK is delighted to announce that Veritas Commercial Services will be sponsoring the TMA UK Annual Conference taking place on Thursday 15th November at The Royal College of Physicians, London.

Veritas is a specialist credit management solutions...

FRP Advisory to Sponsor the TMA UK Annual Conference

TMA UK are delighted to announce that FRP Advisory will be sponsoring the TMA UK Annual Conference taking place on Thursday 15th November at The Royal College of Physicians, London 

FRP Advisory is a distinctive, specialist business advisory firm...

Are CVAs the new norm in the fight for high street survival?

Simon Underwood, TMA member and business recovery partner, at accountancy firm, Menzies LLP, said:

“Company voluntary arrangements (CVAs) enable companies facing financial difficulty to restructure their finances so they can continue trading by...

SIA Group to Sponsor the TMA UK Annual Conference

TMA UK are delighted to announce that SIA Group will be sponsoring the TMA UK Annual Conference taking place on Thursday 15th November at The Royal College of Physicians, London.

SIA Group is a distinctive asset appraisal, advisory and disposal...

Mourant Ozannes to Sponsor the TMA UK Annual Conference

TMA UK are delighted to announce that Mourant Ozannes will be sponsoring the TMA UK Annual Conference taking place on Thursday 15th November at The Royal College of Physicians, London.

Mourant Ozannes Insolvency & Restructuring practice overview

Why quick action is key for small business cash flow management

Martin Atkins, partner and head of business services at Menzies LLP, discusses the finer points of cash flow management as a small business. 

For many small businesses, good cash flow management can be a constant worry. Juggling payments and...

TMA Forms Regional Board in Bristol

Andrew J Pepper President TMA UK is delighted to announce that The Turnaround Management Association ("TMA") has formed a regional board in Wales & South West.

The TMA is a member's organisation formed to promote the interests of professionals...

Herbert Smith Freehills event overview - Andrew J Pepper TMA President

As President of the TMA I was delighted to host this week’s TMA event in conjunction with Herbert Smith Freehills and to see another strong turnout to continue the trend for 2018. Alongside our London NextGen event on Retail, we had 200+ bookings...

David Murrins response to John Mills - Strength of Sterling and its effects

The following article was written in response to an invitation to David Murrins to write an alternative viewpoint to an article titled "Why we should realise that sterling has been, and still is, much too strong" found...

“Why we should realise that sterling has been, and still is, much too strong”

In trying to bring interesting viewpoints to our members I asked two sides of the argument on the “Strength of Sterling and its effects” to write articles. John Mills, Chairman of JML, a large employer and retail based business was asked to speak at...

TMA UK Welcomes Newest Sponsor

Andrew Pepper - TMA UK President welcomes Beer & Young as its newest Sponsor. 

Established in 1998, Beer and Young delivers equity solutions to SME’s. As an industry leader, B&Y has a large, mature and active network of private investors, strong...

Successfully obtained orders recognising the appointments of Hong Kong joint provisional liquidators

Mourant Ozannes successfully obtains orders recognising the appointments of Hong Kong joint provisional liquidators over a Cayman Islands Company in the Cayman Islands.

In the first such application of its kind, Mourant Ozannes successfully...

A Brief Guide to the Alternative Finance Market

TMA asked me to write a piece on Alternative Finance

2017 saw the continued emergence of Alternative Finance as more new lenders entered the market. It is difficult to believe the rapid rise of Alternative Finance which, according to UK Finance’s...

London February – Cyber overview by Andrew Pepper TMA UK President

I am delighted to summarise the last element of our recent TMA London event which I chaired. Whilst our guest list was 150 people I know that lots of our wider membership would have loved to have been in the audience to hear about Cyber Risk to...

TMA UK Annual Review / Preview Event - Huge Success!

I am delighted that the first TMA meeting of the year took place at GVA and was hosted by Ros Goode. With standing room only, our 100 plus guests were obviously concerned that they might have been bored…they had little to worry on that score.

  I...

TMA UK Welcomes its Newest Sponsor

Andrew Pepper - TMA UK President welcomes ReSolve Capital as its newest Sponsor.

ReSolve Capital is a private, London-based investor that provides support and investment in the form of capital and operational expertise to companies in unique...

TMA UK President’s Welcome - Why you should join in 2018!

Shock decision - Business as Usual

In terms of politics, these could be described as dark days for the UK. Perhaps it was the relentless years of austerity that fostered, in some, a disenchantment with Europe? We watched, as wild stories gained...

TMA West Midlands September Event

On 13 September 2017 the board of TMA West Midlands was entertained to a Presentation by Lord Maurice Glasman on the impact and implications of Brexit.  Entitled “From Brexit to Where?” it foretold the journey the country will take as Brexit...

TMA London Event - Jenni Hallam on Empowerment and Business

I was delighted that Jenni Hallam could present last week at our TMA London Evening. We had over 100 acceptances to the event held at Fieldfisher’s offices. Jenni is a well-known empowerment and motivational speaker who works a lot in the business...

Lord Anthony St John speaking at TMA UK London Conference

Anthony Tudor St John, 22nd Baron St John of Bletso is a British peer, politician, businessman and solicitor. He is one of the ninety hereditary peers elected to remain in the House of Lords after the House of Lords Act 1999. He speaks on African...

Varda Shine speaking at TMA UK London Conference

Varda Shine is a non-executive director, CEOs mentor and Diamond & Business Advisor. Over a 30-year career in the diamond industry with De Beers (leading to CEO position at De Beers Trading Company, De Beers mid-stream business with an annual...

TMA UK welcomes Fieldfisher as its newest Sponsor

Fieldfisher is a European law firm with market leading practices in many of the world's most dynamic sectors.  The firm has a particular focus on technology, finance and financial services and energy and natural resources.  Our restructuring...

Metis Partners the latest sponsor of TMA UK

Metis Partners is an intellectual property ("IP") valuation firm with a proven track record in the assessment, exploitation, monetisation, valuation and sale of IP assets. Metis Partners was set up in 2003 by founder and director, Stephen Robertson,...

Herbert Smith Freehills LLP joins TMA UK Sponsors

As one of the world's leading law firms, Herbert Smith Freehills advise many of the biggest and most ambitious organisations across all major regions of the globe.

We offer leading expertise to businesses that are impacted by the continuing...

TMA forms Thames Valley board

Andrew J Pepper President TMA UK is delighted to announce that The Turnaround Management Association ("TMA") has formed a Regional Board in the Thames Valley.

The TMA is a member's organisation formed to promote the interests of professionals...

TMA reborn in the Solent Region

Andrew J Pepper President TMA UK is delighted to announce that The Turnaround Management Association ("TMA") has formed a Regional Board in the Solent Region, centred in Southampton.

This launch adds to the successful launch of Scotland, West...

Welcoming our latest sponsor John Pye & Sons

John Pye Auctions is the UK's leading commercial auction house network, fusing traditional auction principles with modern day digital technology.

Our aim is to be the leading auction 'one-stop-shop' provider to the secondary market, offering the...

Breal Capital joins TMA UK as our newest sponsor

Andrew Pepper - TMA UK President welcomes BREAL CAPITAL as its newest Sponsor.

Breal Capital are privately funded and as such do not suffer from many constraints associated with private equity houses: we don't have investment committee after...

Pepper for President

Andrew Pepper has been appointed as the new President of the Turnaround Management Association (TMA) in the UK, the biggest organisation of its kind in the world with over 8,000 members globally who support company transformations.

Andrew Pepper...

TMA UK Director named Turnaround Practitioner of the Year

Muckle's Andrew Cawkwell and TMA UK Director has been recognised as one of the country's leading turnaround professionals at the prestigious TRI (Turnaround, Restructuring & Insolvency) Awards.

Andrew, Partner in the Banking and Restructuring team...

TMA Europe’s Turnaround of the Year award winners

Two outstanding examples of turnaround management have been recognised by the European body dedicated to corporate renewal.

The winners of TMA Europe’s annual Turnaround of the Year awards were announced at its annual conference earlier this month...