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3,500 businesses assisted by I&R Entrants 25 September 2012

More than 3,500 businesses over the last year have returned to health thanks to the work by finalists of this year’s Insolvency and Rescue Awards.

Finalists of the awards have helped turnaround approximately 3,603 UK businesses, protecting more than 240,000 UK jobs, this includes companies which the finalists have invested in, consultancy roles where they’ve held businesses together in order to drive a sale of a business, plus other advisory roles.

Kamala Panday, publisher at Insolvency Today, and organiser of the Insolvency & Rescue Awards 2012, says: “We asked the majority of our finalists to calculate how many businesses and jobs they’ve helped turnaround and saved over the last 12 months. Although the figures are just approximates, in theory the numbers should be even higher, as not everybody got back to us.”

She continues: “Many businesses have struggled over the last year or so, and have required support through these tough times in order to survive. Without the help of our finalists many of these businesses would not be here today, resulting in thousands of people losing their jobs. These companies should be congratulated and rewarded for their fantastic contribution in keeping our economy alive and kicking. That’s why we set up these awards in the first place.”

Indeed, the fifth Insolvency and Rescue Awards will be taking place on the 10th October 2012 at The Lancaster London Hotel. The awards recognise individuals, teams and companies within the profession who have saved jobs, revived businesses and rehabilitated thousands of individuals’ broken finances.

This year’s finalists include the restructuring teams of major corporations such as RBS, Barclays, and Lloyds, through to smaller sized companies such as Wilson Field, Henderson Loggie, and MLM CPS.

The awards will be judged by a panel of 14 industry leaders and respected authorities, including the chief executive of the Insolvency Practitioners Association, and senior executives and leading figures from some of the world’s most highly regarded Insolvency and Rescue companies.

Kamala concludes: “We’ve got a very strong panel of judges this year. So even reaching the final stages is a great achievement in itself. These awards are all about raising standards across the industry and highlighting best practice, of which these companies and their respected teams most certainly do that. They’re a credit to the industry.”

If you are interested in attending the insolvency and Rescue Awards please contact the events team on 020 7940 4846 or email events@insolvencynews.com Or if interested in entering for next year’s awards then please contact events@credittoday.co.uk For further information please visit www.insolvencyandrescueawards.co.uk

 

 

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