Press Releases
LATEST NEWS
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...
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...
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...
17 January 2012 | Getting the turnaround funding markets moving
Turnaround Management Association (UK) holds industry discussion with Private equity investors and lenders hosted by FRP Advisory .
24 October 2011 | Ten Years of the TMA: Better Communication Needed To Save Companies And Jobs
Turnaround and corporate Recovery leaders to debate how Stakeholders can unite to save British Businesses as crisis continues to bite.
8 February 2011 | Bryan Green, President of (TMA UK), comments on today's UK quarterly company insolvency statistics:
Statistics don't always give you the whole picture. Behind this data are two untold stories. One, that many businesses are still failing for the wrong reasons because stakeholders cant find a way to work together quickly enough to save them in time. The second is something we call the 'M6 syndrome': you might be driving free of jams for now, but it's highly likely you'll need to find another route before you hit the gridlock of tougher margins, reduced access to capital and inflationary pressures.
15 December 2010 | TMA warns of damage to rescue culture
The Turnaround Management Association (TMA) has issued a warning to the insolvency profession after the UK Pensions Regulator won a decision in the high court that forces creditors to fund the pension scheme of Nortel Networks.
18 November 2010 | TMA (UK) Annual Conference - Evening Standard Review
To the Royal College of Physicians, and the annual get-together of the UK Turnaround Management Association, or TMA. It was a fitting venue as the traditional undertakers of corporate Britain are keen these days to present themselves as healers.
18 November 2010 | Saving businesses that should not fail requires fresh thinking, says UK corporate rescue forum
The latest TMA conference drew together parties from right across the business turnaround and recovery community, including representatives from clearing banks, credit insurers, asset-based lenders, private equity, insolvency practitioners, lawyers and trade unions.
18 November 2010 | RECOVERY HIGH STAKES: INDUSTRY FORUM FOCUSED ON NEW BATTLE FOR BRITAIN
The Turnaround Management Association UK (TMA UK), the only organisation in the UK representative of all stakeholders in the turnaround and corporate recovery markets, will hold its annual conference on Thursday 11th November 2010 at the Royal College of Physicians, Central London.
6 July 2010 | CUTS MUST BE BALANCED BY REGENERATION, SAYS TMA (UK)
Plans for cuts of up to 40% in the budgets of many Government departments have raised fears of a double-dip recession while economic growth remains critically weak.
23 June 2010 | OSBORNE GETS UK’S TURNAROUND UNDER WAY
Britain’s turnaround has started at last ... and that’s according to the experts! The Turnaround Management Association (UK) has hailed Chancellor George Osborne for producing a strategic Budget with long-term recovery in mind rather than opting for a tactical quick fix.
21 June 2010 | HARSH BUDGET CUTS MUST BE BALANCED BY DEREGULATION
Deep spending cuts in Tuesday’s Budget must be balanced by a concerted effort to stimulate business if soaring unemployment is to be pre-empted, Britain’s turnaround and recovery specialists are warning.
2 June 2010 | GERMAN SPACE ACE SHOWS WAY TO RECOVERY
Expertise. Professionalism. Focus. A cool head. The ability to take decisions under pressure. The flexibility to respond to immediate problems without compromising long-term aims ... yes, the skills required of an astronaut and a turnaround specialist aren’t all that different.
28 May 2010 | HIGHER CGT A TAX ON ASPIRATION, SAYS TMA (UK)
Britain's turnaround and recovery management professionals are backing calls for tapered relief to be introduced on Capital Gains Tax. TMA (UK) fears that Government plans to raise CGT from 18% to rates "close to those applied to income", announced in the Queen's Speech, would deter private equity firms from investing in businesses in turnaround and force distressed companies into insolvency rather than recovery.
12 May 2010 | VINCE CABLE MP TO SPEAK AT TMA (UK) CONFERENCE
Britain's turnaround and recovery specialists are calling for the incoming Government to adopt a measured approach to its £160 million deficit - or face dramatic consequences for many businesses.
16 April 2010 | THIS IS NO TIME TO GO COLD TURKEY, SAYS TMA (UK)
Britain’s turnaround and recovery specialists are calling for the incoming Government to adopt a measured approach to its £160 million deficit – or face dramatic consequences for many businesses.
12 April 2010 | US TURNAROUND STAR TO ADDRESS EUROPEAN CONFERENCE
One of the genuine heavyweights of the American turnaround and recovery profession, Harvey Miller of Weil Gotshal & Manges, is to be keynote speaker at this year’s Turnaround Management Association European Conference.
25 March 2010 | BANK LOAN TARGETS ARE JUST A RED HERRING
Alistair Darling's Budget won’t address the needs of struggling businesses that are still desperately short of liquidity, says TMA (UK).
15 February 2010 | TMA (UK) URGES CAUTION OVER TAX DEFERMENT POLICY
Britain’s turnaround and recovery management professionals are urging all three parties to tread carefully over the ending of “time to pay” arrangements after the General Election, or run the risk of sparking a new surge of insolvencies.
26 January 2010 | ELECTION UNCERTAINTY STIFLES RECOVERY, SAYS TMA (UK)
Banks and businesses risk deepening and prolonging the economic downturn by sleepwalking towards this year's General Election, according to Britain's turnaround and recovery specialists.
5 January 2010 | TOP LAWYER IS NEW PRESIDENT OF TMA (UK)
One of the leading lawyers in the field of restructuring and recovery has been appointed to lead Britain’s turnaround specialists as they help the country’s businesses to struggle out of recession.
15 December 2009 | ALISTAIR'S TRICKY TURNAROUND: NOT TOUGH ENOUGH, SAYS TMA
Chancellor Alistair Darling's bid to postpone the pain of tackling Britain's giant deficit until after next year's General Election creates a real risk of Britain's credit rating being downgraded with severe medium-term consequences for British business, according to TMA (UK).
3 December 2009 | CAUTION URGED OVER BANK REGULATION
British Banking Association CEO Angela Knight has warned Whitehall and Brussels not to rush new regulations for the banking industry.
12 November 2009 | MORE TROUBLE AHEAD IF DEFERMENTS END, WARNS TMA
Any bid by HMRC to boost revenues and cut Government borrowing by ending tax deferments will lead to a second wave of insolvencies and prolong the effects of recession, Britain's turnaround and recovery management specialists are warning. TMA (UK) President Tyrone Courtman will tell members at their annual conference on 19th November that insolvencies are running at a lower rate than expecting during the worst economic downturn in living memory. One of the reasons is that more than 168,000 businesses have been able to defer tax payments – and an incoming Government faced with the need to cut its debts will be strongly tempted to try to claw back £30bn in tax arrears by ending “time to pay” agreements.
9 November 2009 | PRIVATE EQUITY CAN DRIVE RECOVERY SAYS BVCA CHIEF
Private equity has the muscle and the track record to dig struggling companies out of the mire and help drive the UK economy out of recession, Britain's turnaround and recovery specialists will hear at their annual conference on 19th November. Keynote speaker Simon Walker, CEO the British Private Equity & Venture Capital Association, will tell TMA (UK) members gathered at the Royal College of Physicians in London's Regent Park that private equity funds have the management experience, the professional personnel, and, crucially, the cash to turn ailing companies into profitable ones
26 October 2009 | EX-GUNNER IS TURNAROUND PRACTITIONER OF THE YEAR
East Anglia businessman Tony Groom has been named Turnaround Practitioner of the year at Credit Today's 2009 Insolvency & Rescue Awards. Tony is Chief Executive of K2 Business Rescue, based in Gamlingay in South Cambridgeshire, and is a past President of the Turnaround Management Association UK. He follows David Lovett, managing director of global turnaround practitioners Alix Partners, as winner of the award.
2 September 2009 | US TURNAROUND EXPERTS SEE LIGHT IN 2010
A poll of turnaround and recovery management specialists in the US has added weight to the opinion of their UK colleagues that a significant economic upswing will be delayed until early or mid-2010, and possibly a lot longer. TMA (UK) has been warning that apparently optimistic signs from both the housing and stock markets should not be taken as harbingers of early recovery, and that the continuing liquidity crisis means the rate of business failure, with its implications for unemployment and Treasury revenues, will be unnecessarily prolonged.