Insights and reports

DLA Piper: What next for distressed companies and their stakeholders?

Written by Tyler Duffield on September 30, 2020

Due to the unforeseen circumstances that the COVID-19 pandemic has caused, several government support measures have been provided to aid businesses in the UK. As we navigate the pandemic it is inevitable that these measures will end at some point.

The attached article created by DLA Piper explore the key dates which all boards and financial stakeholders must be cognisant of. It also identifies some of the tools which are available to address overburdened balance sheets.

Please use this link to access the article: COVID-19- What next for distressed companies and their stakeholders

Turnaround, the economy and people

https://www.the-ift.com/wp-content/uploads/2024/05/The-IFT-jobs-saved.svg

56K Jobs

Members of The IFT saved an estimated 56,000 jobs in 2023-24.

https://www.the-ift.com/wp-content/uploads/2024/05/The-IFT-shares-up.svg

£3.1 Billion

IFT members helped add £3.1 billion in shareholder value in 2023-24.

https://www.the-ift.com/wp-content/uploads/2024/12/Business-icon-updated.png

80% busier/as busy

Over 80% of IFT members reported being busier or as busy 2023-24 compared to the previous year.

https://www.the-ift.com/wp-content/uploads/2024/05/The-IFT-help.svg

62%

Over 60% of stressed companies don’t know they are in trouble until it is too late.

Similar Articles

Swift – Spring Edition 2025

Swift – Spring Edition 2025

Our Spring 2025 edition of Swift can be found here.  You can read updates from The IFT and insights from...

Recent cross-border uses of Part 26A Restructuring Plans

Recent cross-border uses of Part 26A Restructuring Plans

Since the Corporate Insolvency and Governance Act 2020 entered into force, case law relating to its Part 26A provision has...

The IFT Quarterly Update Q4 2024:  spike in retail sector turnaround activity and continuing pressures for construction sector

The IFT Quarterly Update Q4 2024: spike in retail sector turnaround activity and continuing pressures for construction sector

The IFT’s quarterly snapshot for Q4 2024 showed a sharper increase in turnaround and restructuring activity in the quarter, with...

The IFT Review of 2024

The IFT Review of 2024

You can find The IFT’s Review of 2024 here. This includes a summary of our events, research and other projects...