The IFT

2024 was a significant year for Part 26A Restructuring Plans. In the article below, as part of our recently published annual Impact Report, Lindsay Hallam and Lisa Rickelton of FTI Consulting discuss how case law for this important turnaround tool has developed over the past year, for both larger and smaller businesses. You can read the full impact report here: https://lnkd.in/eBGpxtAA #adapt #transform #succeed

You can now read our latest edition of Swift below, highlighting our 2024 IFT Annual Awards winners,  alongside other insight articles from our members and partners and IFT updates. https://lnkd.in/dXKfAgSV #adapt #transform #succeed

UK consumer-facing businesses have been squeezed between the cost of living impacting demand and high running costs. Our Impact Report looked at how the retail, hospitality and leisure sectors are seeking to manage these pressures, diversify and pursue new opportunities. Philip Reynolds FRP Advisory Rachel Bennett Teneo Mike Rothwell #Adapt #Transform #Succeed

We spoke to Jack Barnett, at The Times about some of the findings from The IFT’s fifth Societal Impact report, including the rise in the volume of companies experiencing financial distress in every region of the UK over the past year by nearly 10%. Our CEO, Milly Camley said a “backdrop of an inc­reas­ing cost base and unpredictable ­demand is a big problem”. She added that employer tax rises announced at the budget risked having a negative ­impact on consumer-facing businesses...however, that clarity over the fiscal environment would provide more certainty for the private sector.” Read more here: https://lnkd.in/euTYi2J5 #Adapt #Transform #Succeed #TheIFT 

Our 2023-24 Impact Report showed that the construction sector is facing particularly strong headwinds, with some of the highest levels of both distress and insolvencies over the past year. In the below chapter IFT partners and members discuss some of the challenges but also some areas of opportunity for the sector. With particular thanks to Allan Wilen and Glenigan | Powered by Hubexo for providing data highlighting some of the sector's key issues for this chapter. Lee Causer BDO UK LLP Christopher McLean Rob Parker Grant Thornton UK LLP Rozalynne Johnson Finance with Flow #construction #adapt #transform #succeed

Our 2023-24 Societal Impact Report covered some of the key challenges facing UK businesses, as the number of distressed businesses across UK regions has risen by nearly 10% on average over the year. In this article, IFT members and partners discuss some of the issues businesses are facing when it comes to accessing funding and investment. https://lnkd.in/dKaDeVYq David Stone Rob Asplin Robert Insall Jonathan Hughes Rachel Bennett Teneo #adapt #transform #succeed

Corporate distress is rising—but turnaround expertise is making a difference. The findings from our most recent Societal Impact Report are making headlines! This piece from Retail Insight Network highlights the sharp rise in distressed businesses, up 10% in 2024 alone. The retail sector in particular continues to face significant pressures from supply chain disruptions, inflation, and rising costs. Despite this, the report showcases the critical role of turnaround professionals, estimating: £3.1 billion in added shareholder value 56,000 jobs safeguarded 78% of members predicting growth in 2025 We are also seeing a rise in retailers making use of Restructuring Plans (RPs) to help recalibrate store portfolios. Read the article here: https://lnkd.in/dKFdBKEG #Adapt #Transform #Succeed #TheIFT #UKretail 

We are pleased to share our Societal Impact Report covering the period 2023-24, "Planning for a brighter future". This is The IFT’s fifth Societal Impact report, surveying its members and using company data on distress and insolvency from FRP Advisory This year, the number of distressed businesses across UK regions has risen by nearly 10% on average, representing a staggering 60% increase since 2017. Despite the challenges, IFT members have delivered significant positive outcomes for UK businesses in 2024, including £3.1 billion in added shareholder value generated by independent members and 56,000 jobs safeguarded. Over 80% of IFT members report activity levels comparable to or busier than in 2023 and nearly four-fifths (78%) of members expect further growth in turnaround activity in 2025. Despite a decline in insolvency rates since 2023, distress remains pervasive, with nearly half (46%) of IFT members forecasting an increase in company failures due to the current operating environment. Key challenges contributing to this outlook include servicing high levels of debt, the depletion of working capital and difficulties accessing further funding. The report includes sections looking in more detail at particular business challenges - such as accessing funding - and sectors – construction and consumer-facing industries - as well as Part 26A Restructuring Plans. The link to the full report is here: https://lnkd.in/eBGpxtAA Thank you to all our members, partners and stakeholders who contributed to both the survey and interviews for this report. #adapt #transform #succeed

We had a had a brilliant time with Nick Davies. LLB (hons), barrister on our How to Network webinar last week, where attendees received guidance on reading body language, best ways to connect with others during networking events and how to follow up. Thank you to everyone who came and to Nick for speaking.    #adapt #transform #succeed

We are pleased to announce that our new website and CRM are now live. The website makes it easier to search our network of accredited turnaround professionals and keep up to date with IFT news, events and publications, and includes an improved offering of research publications and insight articles from The IFT team and our members and partners. Members and corporate members can also now manage their IFT membership more easily through the website and CRM system. https://www.the-ift.com/ #adapt #transform #succeed