February 2022 - The IFT

IFT Next Launch In Leeds

IFT Next provides a network for professionals who have decided to pursue a career in turnaround and want to increase their engagement with professionals across the marketplace and enhance their skillset and profile. We are delighted to invite you to our North East launch, taking place Thursday 10th February at 6.00 – 9.00 pm at DLA Piper in Leeds.

We have secured a panel of key turnaround practitioners to discuss the future of turnaround, key trends and opportunities as we emerge from the pandemic, and lessons from their own successes in the marketplace. The panel comprises the following speakers:

• Clare Boardman, Partner, Teneo
• James Davison, Partner, DLA Piper
• Josie Richardson, Investments, RCapital

The panel discussion and Q&A will be followed by networking and refreshments.

Please do share these details with colleagues who might be interested.

Email info@the-ift.com to register your attendance and make enquiries. Given the changing position regarding the pandemic and related restrictions, we are hopeful of meeting in person, but if this is not possible, alternative arrangements will be put in place.

IFT contributes to new turnaround and growth guide for small businesses

The IFT has contributed expertise for a new guide published by Lloyds Bank for Business. Turnaround – Seizing New Opportunities is a free book designed for SMEs to boost stabilisation and growth after two difficult years, and can be accessed here.

Our chapter outlines the key components of a successful turnaround, and provides advice on how to secure proven external expertise through the recovery and growth journey.

IFT accredited members and partners have worked hard to help businesses navigate the immediate financial and operational difficulties arising from the pandemic. IFT independent turnaround directors and corporate partners helped companies save over 200,000 jobs in 2020. However, the proportion of distressed companies seeking turnaround management services remains very low. If just 4.5% more distressed firms sought our members’ support, we estimate that jobs saved could be 10 times higher.