The IFT responds to Part 26A Practice Statement Consultation
The IFT submitted a response last week on the replacement Practice Statement covering Part 26A Restructuring Plans, which welcomed the...
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The upcoming West & Wales CPD event will be taking place on Tuesday 8th October and will be hosted by TLT Solicitors in Bristol.
Timings:
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.
Members of The IFT saved an estimated 56,000 jobs in 2023-24.
IFT members helped add £3.1 billion in shareholder value in 2023-24.
Over 80% of IFT members reported being busier or as busy 2023-24 compared to the previous year.
Over 60% of stressed companies don’t know they are in trouble until it is too late.
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