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
[email protected].
Recovery magazine provides an ideal opportunity to reach thousands of decision makers shaping the UK's restructuring, turnaround and insolvency landscape. Find out more about advertising opportunities in the R3 Media Pack 2026 from publisher Think.
Welcome to the refreshed Recovery magazine. After a brief hiatus, R3 has relaunched the publication with a new publishing partner, Think, and a new look. While it Recovery may appear look different from before, the quality remains the same, with in-depth analysis of the key issues affecting the restructuring, turnaround and insolvency profession. You can also expect insights into careers, technology and international developments, alongside the latest policy and technical updates.
As headlines continue to show, we are operating in uncertain times. A challenging economic climate and rising living costs are curbing discretionary spending in the UK and beyond, with knock-on effects across many sectors, particularly retail and hospitality. R3's latest Annual Business Health report shows that insolvency numbers remain elevated in both the wholesale and retail sector, and the accommodation and food services sector. (For more on the R3 research, see page 6.)
The Spotlight section examines the challenges facing retail and hospitality, and how insolvency practitioners can take proactive steps to achieve positive outcomes for distressed businesses. On page 34, we explore key legal developments shaping restructurings in these sectors in 2026. The outlook for the hotel sector is covered on page 39, alongside guidance on conducting a strategic hotel review. Elsewhere in this issue of Recovery, we look at strategies for valuing and monetising intellectual property (page 18), the risks of HMRC joint liability notices (page 26), and the implications of the Bilta Supreme Court judgment (page 42).
We also explore the link between environmental, social and governance issues and insolvency on page 31. In today's volatile operating environment, the role of the restructuring, turnaround and insolvency profession has never been more important, making the sharing of ideas and best practice vital to continued excellence. The R3 Annual Conference in Budapest from 6-8 May provides a key opportunity to do just that. We hope you enjoy this issue of Recovery and welcome your feedback.
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Spring 2026
As headlines continue to show, we are operating in uncertain times. A challenging economic climate and rising living costs are curbing discretionary spending in the UK and beyond, with knock-on effects across many sectors, particularly retail and hospitality.
Summer 2025
Recent geopolitical and economic events have affected various sectors across the UK, and this edition examines a range of areas where financial distress is being felt and the new ways of working needed to tackle them.
Recovery Spring 2025
Rising inflation, stagnant growth, trade tariffs and wars. Welcome to 2025, which looks like being an interesting year for our profession.
Winter 2024
The new Government is doing its tax and spend thing and Mr Trump will be back in the White House in 2025, which all suggests that it could be an interesting year for our profession.
Autumn 2024
I hope you had a good Summer. We ease you back into things with our Autumn edition looking, as our theme, at the current state of prepackaged administrations - 'pre-packs'.
Summer 2024
Let me start by congratulating R3’s new incoming president, Tim Cooper, on his appointment and his first Recovery column, and thank you to our outgoing president and Recovery editorial board member, Nicky Fisher, for all her efforts over the past 12 months.
Spring 2024
Hopefully, the New Year has started well for you. Has it started well for the economy?
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
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.
