Latest News from TMA (UK)
NEWS FROM OUR SPONSORS
3 October 2011 | Funding a Business Turnaround - 5 steps to success
BY TMA (UK) Gold Sponsor - Mark Blayney of Galen Partners
22 September 2011 | Recrutiment: still on life support?
With several months of flat or rising unemployment, currently standing at around 2.43 million, many of the...
15 September 2011 | Health & Social Care Sector, how close has the Government come to being care provider of last resort
The well-publicised and spectacular fall from grace of Southern Cross illustrated a sector with endemic...
2 February 2012 | 'Corporate default rates in Europe may double as banks hoard ECB cash'
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.
1 February 2012 | Plus ça change - by David Bryan of BM&T Silver Sponsors of TMA (UK)
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”?
23 January 2012 | Turnaround ... Stakeholders Working Together’? -TMA (UK) President B Green
What better theme could we have for our 10th annual conference than ‘Turnaround ... Stakeholders Working Together’? I am delighted to welcome you once again to our annual conference at the Royal College of Physicians, where we have brought together key representatives from all areas of the market as speakers and delegates to discuss the challenges facing those of us involved in corporate turnarounds in the current economic environment. As the only International association in the UK which truly represents all stakeholders involved in the turnaround industry, our theme this year is particularly pertinent to TMA (UK).
23 January 2012 | Working together in troubled times
The Eurozone sovereign debt crisis, banks teetering on the brink, more quantative easing, the relentless flow of investment and professionals eastward to the booming economies of the Far East; The year since the TMA (UK)’s last conference has been one long buffeting for Britain’s businesses.
23 January 2012 | The TMA (UK) Annual Conference Comes of Age
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.
23 January 2012 | Trade and Credit Insurance
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.
23 January 2012 | Private Equity and Leveraged Finance market view
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.
19 January 2012 | A Worldwide Network
Professionals in the turnaround management, corporate renewal, and distressed investing industry have come together under the TMA umbrella for more than 20 years to share information, expand their skills, and broaden their professional networks. At gatherings such as the U.K. Annual Conference, professionals from all facets of the industry keep their knowledge and contacts current to facilitate successful engagements around the globe.
19 January 2012 | Unions can bring leadership to a turnaround
Trades Unions have a long and venerable history of defending the rights of their members and working to improve the terms and conditions of employment. They play a key role in protecting their members’ interests, in particular when employers are seeking to change terms and conditions such as when a business is struggling.
19 January 2012 | Obtaining knowledge is one key to stakeholders working together.
I hope by the time you attend our conference some of my comments that follow would have been superseded. One particular issue concerns me and that is International leadership, the type of leadership that is bold, innovative and decisive. I recently wrote an article about the sovereign debt crisis and specifically the European scenario and its implications for business:
19 January 2012 | "Stakeholders working together: Where do Insolvency and Restructuring Lawyers fit into the jigsaw?
Current market practice dictates an "us" and "them" approach to providing insolvency and restructuring solutions to distressed businesses.
19 January 2012 | Stakeholders Working Together - A Regional View
To accomplish a successful turnaround, you need the support and trust of all stakeholders and trusted advisors. It helps if you are working with people you know and have worked with before. However, how do you get to this ideal position? The TMA facilitates these relationships so that you can build your network through its regional events and seminars
19 January 2012 | TMA in the World - Continuing progress in International development
International growth is a TMA key strategic objective. With nearly 2000 members outside of North America including over 1,000 in Europe, there is a particular focus on both International Chapters’ internal growth and the addition of new Chapters. International membership is currently increasing at over 20% per year and it is not out of the question that numbers outside of North America will match North American membership within a few years. TMA is one of a very few genuine cross border professional organisations and is an important vehicle for spreading the development of best practice restructuring practice in the global economy. Given the developments in sovereign debt risk which we face such growth is both timely and much needed.
9 January 2012 | TMA (UK) Members in Insolvency Today's Power 100
TMA (UK) President Bryan Gren and a number of other TMA (UK) Members, including ex-president Tyrone Courtmanm, appeared in Insolvency Today Magazine.
9 January 2012 | TMA Announces 2011 Turnaround and Transaction of the Year Award Winners
The 2011 TMA Turnaround and Transaction of the Year Awards were presented 26 October at the 2011 TMA Annual Convention in San Diego.
19 December 2011 | Membership Update 2012
We are delighted to announce that for 2012 we have entered into an agreement with Regus to provide a complimentary business world gold card.
21 November 2011 | 10 Years of TMA (UK) Celebrated in Style
Black ties and cocktail dresses were the order of the day as the good and the great of turnaround and restructuring industry joined together to celebrate TMA’s coming of age. The Waldorf provided the venue for 170 guests, including the Past Presidents of the last ten years.
14 October 2011 | Bryan Green - TMA (UK) President quoted in Financial News Magazine
TMA President Bryan Green was quoted in Financial News on the UK’s insolvency regime in an article about pension deficits in private equity
14 October 2011 | Speedy Action is Key to Saving Distressed Businesses
TMA President Bryan Green had a letter published in the Financial Times on the UK Government’s proposed changes to the UK insolvency regime
10 March 2011 | Companies could have been saved from admin
More than half of North East businesses which go bust could have avoided their fate had they sought help earlier, Insider has been told. Andrew Cawkwell, who has just taken charge of the insolvency team at Newcastle law firm Muckle, also said that it’s sometimes the wrong businesses that are placed into administration, with those less likely to survive in the long-term continuing to trade only to pay off debt.
24 November 2010 | TMA (UK) President changes jobs
Bryan Green, President of TMA (UK), has left Gordon Brothers Europe where he was CEO to set up his own venture, Tnui Consultancy. Bryan will continue in his role with TMA (UK).
19 July 2010 | Barclays Wealth launches Economics Blog
Last week Michael Dicks, Chief Economist for Barclays Wealth, launched his Economics Blog, offering his insights on major economic developments around the world. Recent posts include comments on the UK Budget, the G20 and the Chinese renminbi.
30 June 2010 | Taking stock ……And looking forward to 2011
Reflecting on the events of the last 6 months I am pleased to see that we now finally have a government that is prepared to deal with Britain’s structural deficit and an acknowledgment that we can no longer afford to grow our economy on credit! But boy have they got a lot of work to do, and it will really test Dave and Nick’s newly formed coalition love in. Let’s hope it survives their honeymoon.
7 June 2010 | TMA (UK) REPORT - FINANCE MONTHLY
"The UK faces a debt of £163 billion but it is not alone. Britain is not part of the Euro and though it could simply allow the Sterling to depreicate and have an export led recovery it is not quite that simple. At some point interest rates will start to lift off. One thing is certain - change is a constant. By the time this article will be read we will have a change in government. the international community will assess if the new government has the resolve to drive the UK debt levels down."
7 June 2010 | "FINANCIER WORLDWIDE SPECIAL ARTICLE – EMEA RESTRUCTURING”
In the May 2010 edition of Financier Worldwide their special article included an article by Simon Ling-Locke on Non-performing portfolios in banks BUT other articles of interest to the TMA(UK) members including – Lehman Brothers / Insolvency in the UK / Asset Valuation / New legislation in Austria / & Insolvency in the United Emirates