October 2019 - The IFT

IFT Midlands Next Generation Drinks Evening

The IFT Midlands committee will be hosting the Second Annual Midlands Institute for Turnaround Next Generation Drinks Evening.

Date and time: Thursday, 24th October from 5:00 pm until 8:00 pm.

Location: The Alchemist, Colmore Row, Birmingham B3 2DA

This is an opportunity for Midlands turnaround professionals who are developing their careers in turnaround to attend an evening of drinks, canapes and networking with their peers and with some of the Midlands more experienced turnaround professionals. It will also give them an opportunity to meet with some of the IFT’s executive team and to learn more about the IFT, the IFT Academy and becoming an IFT member.

All current IFT members, Corporate Partners and potential future IFT members are welcome. Please invite colleagues in your own firm, or others within the Midlands turnaround community that you think may be interested in attending.

The event is kindly sponsored by Aldermore Invoice Finance, Gateley Legal, Intrinsic Equity, KPMG and Robert Griffiths.

The Importance of Trade Insurers in Turnaround Situations

 We are pleased to announce the upcoming members event taking place in the West & Wales region


Timings: Start 17:30    

Presentation & Q&A 18:00    

Networking 19:00


Speakers will include:

Mike Thomas and Julian Williams, Risk Services and Commercial Underwriting at Atradius

Q&A hosted by Simon Girling, BDO


Topics will include:

The Trade Insurance marketplace – how it works for corporates and the current state of play nationally and internationally

Decision criteria for underwriting risk

Monitoring risk by sector and entity

Working with turnaround professionals / advisers in risk situations

Case studies and outcomes – stress / distress

IFT & TMA Joint Event

Carillion – the story from PwC

An update on the Funding Market


I’m pleased to announce that the next IFT Midlands meeting will be held jointly with the TMA on the 10th October at the Birmingham office of IFT Corporate Partner PwC.


Our speakers will be from PwC and will begin by telling the story of Carillion from their perspective.  Given the publicity this construction giant generated through its collapse this should prove to be an interesting talk for independent and corporate members alike.


Last year, PwC hosted an IFT meeting and webinar on the funding market.  Twelve months on, it will be interesting to hear how the market has changed and what can be expected over the next year.


On Carillion the speakers will be Matthew Hammond and Rob Hebenton.

The Funding update talk is to be delivered by Rob Moran and Sajjad Hassam.


Refreshments and nibbles will kindly be provided by PWC as part of the networking after the meeting.

Both the IFT and TMA look forward to welcoming you to this event.


Parking is available at Snow Hill train station car park, just one minute from the venue.



18:00 Registration

18:30 Chair’s introduction

18:35 Presentation

19:15 Refreshments & Networking

West & Wales CPD Event

The upcoming West & Wales CPD event will be taking place on Tuesday 8th October and will be hosted by TLT Solicitors in Bristol.



Registration: 17:30

Start 18:00


Ian Oakley-Smith will be discussing turnaround in the charity sector.

Ian was part of PwC‘s Business Recovery Services team for 30 years, until he retired from the firm earlier this year.  From 1998, he specialised in the charity sector, working with a wide range of charities needing restructuring or insolvency support. He has worked with many high-profile charities in need of turnaround. In 2014, Ian also became PwC‘s Head of Charities, coordinating its commercial relationships with its charity clients across all lines of service.

Charities operate in an increasingly challenging and complex environment. Despite this, they are often thinly resourced and governed by volunteers. Inevitably, this means that they may need to call upon the services of turnaround professionals to help them avoid disaster.

Working with a charity in such circumstances can often present challenges for the turnaround professional, which are different to those experienced in equivalent commercial situations.  These differences can stem from the nature of the people involved, the desire to put the “cause” before financial security and, at times, a false sense that the charity in question “won’t be allowed to fail“.


Our [two hour] session will focus on these differences. We will hear from Ian Oakley Smith on his experience working with charities over many years and have the opportunity to discuss, on a Chatham House basis, the experience of delegates in order to learn from each other.

Education SIG

We are pleased to announce our next FE SIG Meeting, which is taking place on Tuesday 1st October at Barclays, 5 North Colonnade, Canary Wharf.



17:00 Registration

17:30 Richard Robinson – The outlook for the HE Sector and the impact of the Auger review

18:00 Q&A Session 

18:30 – 19:30 Networking & Refreshments