The IFT MEDIA PACK
For all media enquiries, please contact The IFT Press at email@example.com or call 0203 668 0420.
The IFT is available to comment on economic issues and trends, as well as specific business sectors in which its members perform turnaround work, including: corporate turnarounds, SME’s, legal sector and family businesses.
Our spokespeople include:
- Christine Elliott, Chief Executive & Director
Building and growing organisations at strategic and operational level has been Christine’s career for the last 15 years.
Immediately prior to The IFT, where she has been CEO for 6 years and holds an Honorary Membership, she led a 135,000-strong membership organisation. An 8-year tenure at the previously unknown and heavily indebted WW2 code breaking site Bletchley Park, culminated in an organisation that received millions of pounds of government and private investment.
Christine heads the team that transitioned The IFT into a fully professional, highly regarded, international body. She has also chaired a national charity and a challenged London school, as well as lecturing widely and being a published author.
- Iain MacRitchie, National Chairman
- John Pennie, Chairman: North Region
- Robin Staunton, Chairman: West & Wales Region
- Mark Orton, Chairman: Midlands Region
About The IFT – Background information for journalists
What is The IFT?
- The IFT is the leading professional body in Britain and Europe for operational, funding and advisory turnaround practitioners in business, with 400 members across the UK.
- The organisation is an entirely independent professional body and a non-profit making company limited by guarantee. Membership is only achieved via a rigorous accreditation process.
- The IFT initially started in 2000 as the Society of Turnaround Professionals (STP) following encouragement by UK Government, the major clearing banks and other financiers, private equity investors and leading accountancy firms.
- The IFT has a tailor-made Continuing Professional Development programme, the world’s first Practising Certificate in Turnaround & Transformation, its own academy for the next generation of practitioners, and a charitable Foundation channelling expertise to not-for-profit organisations that drive sustainable social and economic improvement.
- Currently, The IFT has 400 members spread across the UK, divided into four regions: London & South, Midlands, West & Wales, and the North. Each of The IFT's regions has a Chairperson who heads a small, focused, steering committee.
How many members does the IFT have?
- The IFT has 400 members spread across the UK, divided into four regions: London & South, Midlands, West & Wales, and the North.
- Each of The IFT's region has a Chairperson who heads a small, focused, steering committee.
- The breakdown of The IFT members in each region is: London & South (200), North (83), West & Wales (53), Midlands (51)
What does The IFT do?
- The IFT represents the interests of the turnaround and transformation industry to external stakeholders including politicians, business and the media.
- The IFT defines ‘turnaround’ as “the sustainable return of underperforming organisations to viability.”
- The IFT’s members are accredited experts in returning under-performing companies or organisations to commercial viability. They operate across the private, public and third sector, from the smallest of limited companies to the largest multi-nationals.
Objectives of The IFT
The IFT's mission is to become the de facto voice of transformation and turnaround, and the membership embodies The IFT's three core objectives:
- Being representative and inclusive of the whole spectrum of excellence in our marketplace
- Professionalising turnaround and transformation
- Being generous with our time and expertise, to further turnaround that is socially useful.
- In 2012, The IFT members who took directorships in and leadership of challenged companies were responsible for over a million employees, in companies with £18bn sales turnover and £12.5bn of institutional debt.
- Members have estimated they saved 215,000 UK jobs through active intervention.
Calendar of main events
The IFT organises a series of events for members, corporate partners and advocates throughout the year. Our three main annual events are the Awards Ceremony, National Conference and The IFT Annual Lecture. We also hold nationwide workshops throughout the year for our members in each of the regions.
- The IFT Lecture occurs in June with most recent speakers including: Dean Finch, Chief Executive of the National Express Group (2013), and Adam Crozier, Chief Executive ITV (2012).
- The IFT National Conference occurs in September with key speakers for 2013 including: Peter Norris, Non-Executive Chairman Virgin Group; Lord Nash, Parliamentary Under Secretary of State for Schools; Mark Bryant, Business Growth Fund; Dennis Turner, former Chief Economist, HSBC and David Suddens, Chief Executive, R. Griggs Group Ltd. (Dr. Martens).
- The IFT Awards Ceremony & Gala Dinner occurs in December with 2012 award winners including: Jaguar Land Rover, National Express and CEO of WHSmith Kate Swann, all of whom received awards for the radical transformation of their businesses.