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
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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 summer edition of Recovery. In this issue we explore how challenging conditions are playing out across the UK economy, with a particular focus on construction - a sector often seen as a bellwether of wider economic health. R3's Quarterly Business Health Report for Q1 2026 found that construction is currently the most distressed sector in the UK, recording 1,159 insolvency activities.
The Spotlight section examines some of the key issues facing construction and the implications for practitioners. These include the impact of the Building Safety Act 2022 on the corporate veil, considerations arising from the Third Parties (Rights against Insurers) Act 2010 and ongoing challenges around retention funds. We also feature a case study on the restructuring of a luxury airspace development in Cheltenham, highlighting practical lessons for those working with construction businesses.
Elsewhere in this issue, we cover a range of technical and topical developments including reflections from the administrators of Lehman Brothers International (Europe) on the transition from administration to a members' voluntary liquidation. We also analyse the UK government's new Fraud Strategy and assess the implications of the THG v Zedra judgment for limitation periods in Insolvency Act claims.
For those progressing through the profession, Insolvency Practitioners Association chief examiner Antoinette Thorpe shares her top tips for exam success.
Finally, we welcome Sonia Jordan as R3's incoming President. You can read more about her background and priorities in her column and profile interview.
We hope you enjoy this issue of Recovery and welcome your feedback to the email at the top of the page.
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Summer 2026
Welcome to the summer edition of Recovery. In this issue we explore how challenging conditions are playing out across the UK economy, with a particular focus on construction –
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.
