Policy & Research
Corporate Insolvency


R3 is the trade association for the UK’s insolvency, restructuring, advisory, and turnaround professionals. We represent insolvency practitioners, lawyers, turnaround and restructuring experts, students, and others in the profession.

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Response from Business Secretary to R3 & IOD letter - HMRC's role in business rescue

The Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng MP, has responded to a letter we wrote jointly with the Institute of Directors, calling for his support in working with HMRC to help business rescue efforts. 


Response from Business Secretary to R3 and IOD letter - role of HMRC in supporting business rescue - Size: 101Kb Download
Pension Schemes Bill 2019-20: Potentially Hindering Legitimate Business Rescue

R3 calls on the Government to tighten the drafting of the Pension Schemes Bill to ensure that those directors seeking to restructure their companies and pension schemes in good faith – and those advisers, including insolvency practitioners, supporting these efforts – do not face the threat of significant civil and criminal liabilities as set out in the legislation.

Pension Schemes Bill 2019 20 R3 briefing February 2020 - Size: 212Kb Download
Joint stakeholder letter to the Chancellor - Crown Preference (September 2019)

We are writing to express our serious concerns regarding the Government’s proposal, published by your predecessor in the Draft Finance Bill 2019-20, to elevate some tax debts to preferential status in insolvencies, and to urge the Government to reconsider its position. 

R3 Joint stakeholder letter to the Chancellor - September 2019 - Size: 302Kb Download
Company Voluntary Arrangements: Evaluating success and failure

The purpose of this report is to consider the reasons for the ‘success’ or ‘failure’ of company voluntary arrangements (“CVAs”) and to investigate the outcomes where CVAs fail. The frequency of CVAs is reasonably low when compared with alternative corporate Insolvency Act 1986 procedures1 and it has been commented that CVAs have a high failure rate.2 The research project aims to identify ‘successful’ and ‘failed’ CVAs and by doing so, identify key characteristics which will in turn allow practical guidance to be provided to insolvency practitioners (“IPs”) and also inform policy recommendations to Government.

R3 ICAEW CVA Report May 2018 - Size: 1727Kb Download
Company Voluntary Arrangements: Evaluating success and failure (briefing note)

With growing economic pressures, particularly for the retail and leisure sectors, a number of high profile businesses have entered into or explored CVAs in 2018. This research identifies a number of possible policy changes to ensure that CVAs are more effective and used more widely to support business rescue in the UK economy. 

R3 ICAEW CVA Research report - summary briefing - Size: 347Kb Download
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Stuart McBrideStuart McBride
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Amelia FranklinAmelia Franklin
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Lyle HorneLyle Horne
Public Affairs & Policy Officer
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