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Recovery Magazine

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RECOVERY is the leading quarterly magazine for professionals working within insolvency and business recovery in the UK. RECOVERY is distributed to R3 members as part of their exclusive membership benefits package. Are you up to date with the latest developments to affect the profession? Do you have an idea or an insight that you’re burning to share with thousands of other professionals? If so, we would like to hear from you. If you have an idea for an article that you feel may be of interest to the RECOVERY readership, please contact us by sending a short summary of your suggestion or proposal to Matt Jukes, [email protected] or call 020 7841 5960.

Winter 2023

As we approach the end of another year, the economic outlook for the UK remains uncertain as debate continues as to whether a recession will be avoided. 

However, with Christmas approaching and Black Friday just passed, focus is currently on consumer spending and the effect high inflation and interest rates will have on retailers' profits. This edition therefore focuses on distress in the retail sector. 

Tina McKenzie of the Federation of Small Businesses looks at the challenging outlook for small retailers, Ion Fletcher gives the BPF's view on restructuring plans and we hear from Rick Harrison at Interpath on the firm's involvement in the sale of the Tuffnells business. 

From the legal perspective, the same litigation saga has spawned a Supreme Court decision on a challenge to a trustee in bankruptcy's actions, reviewed by Joseph Curl KC, and a Court of Appeal decision on the trustees in bankruptcy's discretion, reviewed by Rowena Page at Maitland Chambers and Kathryn Hacking at Gateley. Rhys Williams at Howden also looks at the Supreme Court decision in PACCAR and its effect on litigation funding. 

The financial recovery unit manager at the ICO, Kerry Smith, tells us how they are using the appointment of IPs to enforce the collection of fines for breach of communications and data protection legislation, and Angela Foyle from the CCAB defends its guidance on money laundering and terrorism finance. 

Jennifer Jenkins and William Barnes at Mourant describe the latest developments in the BVI, and Andrew Kelsall reflects on his 40 years dealing with personal insolvencies. Our survey this edition looks at technology and IT services. 

Winter 2023

Read this issue

Winter 2023 Winter 2023
As we approach the end of another year, the economic outlook for the UK remains uncertain as debate continues as to whether a recession will be avoided.
Autumn 2023 Autumn 2023
What have you missed? Well inflation is starting to fall, but interest rates continue to increase and this appears to be causing further distress in the economy, as demonstrated by the Wilko administration.
Summer 2023 Summer 2023
Before we get into the content, I would first like to welcome Alexandra Davies of Menzies in Cardiff to the editorial board and to welcome back Alan Bennett, now at Womble Bond Dickinson.
Spring 2023 Spring 2023
The economic outlook appears to be improving, but 2023 has already brought with it the administrations of Flybe and Paperchase, and record insolvency numbers.
Winter 2022 Winter 2022
As the economic picture deteriorates and we head towards recession, society is looking not only towards its politicians for better governance (and some might say it could not get any worse!
Autumn 2022 Autumn 2022
It is what has been on everyone’s lips through the summer and was clearly the topic that we had to cover in this edition, as I alluded to in my last editorial –
Summer 2022 Summer 2022
Russia’s invasion of Ukraine has caused widespread economic impact around the world. This edition of RECOVERY explores the impact of changes to sanctions for the UK, offshore jurisdictions and asset tracing in the context of insolvency and restructuring.
Spring 2022 Spring 2022
Demands on the public purse are higher than ever, with international conflict and pandemic recovery taking pride of place.
Winter 2021 Winter 2021
The winter 2021 edition of RECOVERY explores how supply chain distress is beginning to affect restructuring and insolvency.