Latest News from TMA (UK)
NEWS FROM OUR SPONSORS
The Prime Minister’s enterprise adviser Lord Young has now published the second part of his report on...
Dow strikes new high, but is the move too much for the FTSE?
Dow strikes new high; is the FTSE set to follow?
Early applicants to the pioneering European accreditation scheme for turnaround professionals will qualify for a year’s free membership. Anyone who joins the European Association of Certified Turnaround Professionals (EACTP) before 30 November this year will be exempt from paying their membership fee for 2013. This would mean a saving of up to £400 for Associate members and up to £450 for Fellow members.
Philips Has a Way to go On Re-Invention
An exciting new development in Europe wide - Turnaround Management Accreditation
When an SME encounters cash flow difficulties and cannot pay its bills many owners assume that their business is bust and should close. It does not have to be the case. If the core of the business of a company is offering a genuinely useful and saleable product or service, it can normally be saved.
Growth in the UK economy has continued to be low throughout the year and uncertainty continues to impack UK businesses.
PPI, LIBOR-fixing, Interest Rate Derivative and a host of other financial misdemeanors have had some banking litigation lawyers rubbing their hands with glee, but in my experience corporate solicitors advising their clients on their position with regards to these matters are not necessarily helping a situation where businesses feel making a claim against their bank is a fix-all for their financial woes.
I am delighted to be able to tell you about an exciting new development in the accreditation and qualification of all those invovled in the practice of Turnaround Management. Not just here in the UK, but across the whole of Europe. The European Association of Certified Turnaround Professionals (EACTP), the first European professional body dedicated to promoting the accreditation, through examination and demonstration of significant practical experience, of Turnaround Management Professionals across Europe.
A recent discussion in the LinkedIn group, Restructuring and Turnaround Management, asked whether anyone in the turnaround industry ever received solid referrals from the banks.
A pamphlet for the consideration of mill owners and similar personages everywhere within the realm, concerning the proper dealing with problems, incidents, and other calamities as may befall such an enterprise, in the sincere hope that it may be of assistance.
December marks a "pinch point" for many businesses, particularly for the high street retailers.
There has been a plethora of initiatives from Government designed to stimulate lending to small enterprises and StartUps, most of which seem to have mainly sunk without trace as the economic meltdown continues. From Project Merlin, via the National Loan Guarantee Scheme and others including the latest initiative, Funding for Lending, they have largely been ignored by both banks and companies. Throughout the downturn the banks have said they are willing to lend, and most commentators have claimed there is no shortage of finance, however business lending has continued to decline.
New Arrival! TMA Member Logos Show your commitment to the industry and pride in being a member of the leading association for turnaround management, corporate restructuring, and distressed investing professionals. Visit the Members Only section of the website to download the TMA member logo for use on your website, business cards, marketing materials, and more.
PE allocations set to rise
Galen Partners News - July 2012
Annual research is carried out into the top 59 economic countries by IMD, the Swiss Business School, as part of their IMD World Competitiveness Yearbook. They have just released their results for 2012 that show UK at 18th for competitiveness and 57th for entrepreneurship. Despite government rhetoric and its promotion of initiatives to encourage bank lending to entrepreneurs and SMEs the banks aren’t lending.
TMA (UK) are pleased to announce that KSA Group Ltd. has re-joined the organisation at Gold Sponsorship level, with immediate effect.
It seems that growth is eluding our country at the moment, and also many businesses. Just a couple of weeks ago we were told we were back in recession – in a double dip! The media went wild with stories of doom and gloom, and made an excellent job of making us all feel bad again. This is all about meaningless statistics. The official definition of a recession is two consecutive quarters of negative growth, however the reality is if we are not growing we are in the doldrums.
UK back in recession
Slower, Lower, Weaker? In an Olympic year, Ian Gray describes the prospects for the retail sector and how it has to change.
2012 Budget Tax Facts prepared by Cooper Parry
Corporate defaults may almost double in Europe as companies struggle to refinance debt and banks hoard cash borrowed from the European Central Bank or use it to buy government bonds.
As we approach the end of 2011 we have been living with banking problems, recession and Eurozone problems for over three years. There are few days when there isn’t another dramatic headline regarding a financial or economic problem. But is this constant flood of bad news making us all a bit punch drunk? Are business leaders thinking “plus ça change, plus c’est la même chose”?
If you joined us at our black tie casino dinner, I hope you enjoy the continued opportunities to networking and engage with others in the TMA community today, many of whom you will recognise as fellow guests last night. I also hope you find our varied programme today both informative and educational. This conference continues, as we enter our tenth such event, to be one of the most successful conferences in the turnaround and corporate recovery market. Without exception, those who gave us feedback last year rated the conference as excellent or good use of their time, an enjoyable experience and perhaps most importantly as a good or excellent forum for valuable networking opportunities. This set us a challenge which I hope we have once again met.
After a very difficult 2009, the market stabilised in 2010 and entered 2011 showing signs of improvement. With the situation more stable, late 2010 and early 2011 saw an increased appetite for risk among insurers and moves to stimulate demand and improve revenues. More competitive premiums were seen and previously withdrawn cover was gradually restored. In addition there was a significant change in the way business is done. Reliance on out of date statutory accounts is being replaced by insurers having access to management accounts and forecasts and a dialogue with management enabling them to make more informed decisions. Greater policy flexibility is also being seen.
In the turnaround community, we know that one major consequence of the global effort of governments to create a stable and low interest rate environment has been to protect the weak, stifle risk taking and constrain the turnaround funding markets.