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TURNAROUND BRITAIN!
Insolvency and Rescue Awards ceremony
Last night the importance of the Turnaround Practitioner’s role in restoring and rescuing the UK’s flagging economy was acknowledged at the Insolvency and Rescue Awards ceremony, Tower Hotel, London.
And how we need these turnaround knights. Sadly, the public at large have little or no knowledge of these turnaround lifeguards and end up going under when they could have stayed afloat
According to the Office of National Statistics a record 35,000 businesses will go bust this year along with 125,000 personal insolvencies. Turnaround experts can help prevent this fate but too few companies are aware of this vital service.
Neil Chesterton, director of The MacDonald Partnership, (www.tmp.co.uk) and Turnaround Practitioner of the Year Award finalist has a reputation for saving 100’s of small-to-medium enterprises.
Chesterton, says “It is critical that SMEs seek help fast… only around 5% of companies talk to a Turnaround Practitioner in time to prevent collapse. The options become very limited if the
company waits too long”.
The UK has a history of possessing the strongest entrepreneurial spirit in the world. Never has there been a time in living memory of a recession as bad as our current situation. Without the help of turnaround experts, such as Chesterton, more talent will be wasted, more jobs will be lost, more creditors will go unpaid and our economy will slip deeper and deeper into the red.
Let’s encourage the UK’s entrepreneurial spirit. Great Britain is for turning!
Neil Chesterton is also the Finance Director and Treasurer of the Turnaround Management Association (UK).