TMA UK: Annual Review

On 10th January TMA UK welcomed over 100 restructuring and turnaround professionals to the Annual Turnaround Review / 2024 Preview kindly hosted by Howden.

TMA UK: Annual Review

05 February, 2024

Expertly compered by TMA UK director Andrew Pepper, the panel consisted of a panel of experts sharing their thoughts on distress and turnaround in 2023 and looking ahead to 2024, including:

  • Joanne Rumley – Restructuring Partner, Foot Anstey and current TMA UK President
  • Elizabeth Howlett – News Editor, Drapers
  • Ed Brittain – Executive Director (Restructuring & Resolution Team), Howden
  • Stephen Jacobs – Director, Christie & Co

What did the panel experience in 2023?

The changing appetite of lenders was a common theme shared by the panel, with Joanne experiencing sharp changes in lending practice by traditional high street lenders who are exiting specialist industries in favour of more traditional markets. This has created difficulties for otherwise profitable and stable businesses who have their finance withdrawn at short notice.

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