Navigating the Pandemic and Beyond: The Contribution of Turnaround to Business and People - The IFT

Navigating the Pandemic and Beyond: The Contribution of Turnaround to Business and People

In a normal business cycle, the reasons why businesses need turnaround support are many and varied. Since the beginning of the global pandemic, many businesses have been heavily reliant on government support which has meant that although the number of companies in distress in 2020 continued to rise during the pandemic, insolvencies fell by 27 per cent when compared with 2019.

In this report, Navigating the Pandemic and Beyond: The Contribution of Turnaround to Business and People, we highlight the huge contribution IFT members make and the value they create for society and the economy.

We estimate that in 2020 IFT members and corporate partners saved more than 200,000 jobs and protected £2.9 billion in enterprise value. The report analyses the profound impact which the pandemic has exerted and continues to impose on the economy and businesses, at a time when business recovery is even more important to the economy and people.

Our research, conducted during the Covid-19 disruption, highlights how we expect Covid-19 to drive higher demand for turnaround services for the remainder of 2021 and beyond.

To download the report please click here.

For press information and media enquiries please contact:

Michael Evans

Director

Byfield

+44 (0)7732 148 511

michael@byfieldconsultancy.com

Related News

VIEW ALL

In the latest edition of Swift, The IFT’s quarterly magazine, you can read about our upcoming IFT events, including the Academy, the IFT news and

READ MORE

NEXT EVENT - 06.09.2022

12.15 – 13.00 Do you want to know the essential parts of the business to review on day one to ensure there is enough money available to fund the turnaround? The next in our series of lunchtime learning,

FIND OUT MORE

UPCOMING EVENTS

VIEW ALL
  • Date: 07.09.2022
  • Name: IFT NEXT WEST & WALES – NETWORKING SOCIAL EVENT

Meet and catch up with turnaround professionals in your region at the IFT Networking Event at: FLIGHT CLUB, CORN STREET 7TH SEPTEMBER - 17:30 onwards IFT Next is aimed at professionals who have identified

FIND OUT MORE
  • Date: 09.09.2022
  • Name: IFT NATIONAL CONFERENCE 2022

Tickets are now on sale for the IFT National Conference, the key knowledge and networking event for the turnaround business community. This year the conference takes place on 9th September at No.11 Cavendish Square,

FIND OUT MORE
  • Date: 12.09.2022
  • Name: JOINT MIDLANDS IFT & R3 EVENT

We're pleased to invite you to a joint IFT and R3 event in Birmingham on 12th September, from 17:45-20:00. Restructuring Issues As the Midlands emerges from the pandemic and faces the headwinds of inflation and

FIND OUT MORE
  • Date: 21.09.2022
  • Name: LUNCHTIME LEARNING WEBINAR – THE ROLE OF LEADERSHIP IN TURNAROUND

12:15 - 13:00 In this session Business Psychologist, Caroline Gourlay, will outline a practical model of leadership and show how it can be used as a framework for looking at leadership in turnaround. She will look at

FIND OUT MORE
  • Date: 18.10.2022
  • Name: WEBINAR – STORY TELLING TO CREATE FOLLOWERSHIP IN A CRISIS – WITH T3

08:00 - 09:00 In this session, Kate Forrest, who leads on Innovation & Design at t-three, will explore the power of stories to communicate messages and create connections with people to take them on the journey

FIND OUT MORE
  • Date: 10.11.2022
  • Name: WEBINAR – INCLUSIVE LEADERSHIP – WITH T3

08:00 - 09:00 In this session, Kate Forrest from t-three joins us again alongside Kelly Jones of Kingsgate and the IFT Women’s Network Lead and Lucy Corner of Cornerstone Care Solutions. This session will explore

FIND OUT MORE
  • Date: 24.11.2022
  • Name: IFT Annual Awards 2022

The IFT Annual Awards are back and we are delighted to be celebrating the very best of business turnaround and transformation at Rosewood London on 24th November 2022. This is an opportunity to celebrate the

FIND OUT MORE