Insolvency News has relaunched its flagship event for the insolvency sector, in time for its ninth anniversary outing this year.
The event, to be held on 18th October at the Hilton, Park Lane, will now take place under the banner of the Turnaround, Restructuring and Insolvency (TRI) Awards, rather than its previous title, I&R Awards. The event’s headline sponsor, Capa, remains. The deadline for free entries closes Friday. For more information on entering and how the scheme has changed visit www.triawards.co.uk.
Luke Broadhurst, MD of the event’s new owner Shard Media, explained: “‘The newly rebranded and repositioned TRI Awards now truly reflects the shape and status of this industry. Like many others, this community has been through massive change in the past few years. While this is often the norm, the Judging Panel’s timely and agile response to this transformation was especially pleasing. We are fortunate that this process is controlled by such a stellar panel, who take the lead in providing knowledge, expertise and experience against a backdrop of independence and integrity’.
Bob Pinder, regional director of ICAEW and co-chair of the judging panel said: “In recent years there has been a shift away from formal insolvency to more upstream turnaround and restructuring work. In championing the leaders of the profession I am delighted to see that the annual awards ceremony is keeping pace with the evolution of the industry.”
Stephen Allinson, consultant at Shoosmiths and co-chair of the panel with Pinder, said: “The new branding is not just a cosmetic name change, it reflects the way our industry has evolved from being underpinned by formal insolvency appointments, to being a much wider body advising and acting throughout the whole range of business rescue, whilst still maintaining its core ethos.”
David Chubb, partner at PwC and TRI judge who helped shape the relaunched awards said: “I am delighted to once again join the judging panel and participate in what is a rigorous process of challenge and debate over the nominations. We do end up having to make some difficult decisions! I hope that one day, that even the doubters in our profession recognise that the judging process is operated independently of the event management and that the award winners fully deserve their success because they have impressed the judges with their achievements.”
At the same time as the name change, the awards scheme itself has been overhauled with categories redesigned to reflect broader priorities. New categories include Turnaround Fund of the Year, Turnaround Investor of the Year and Turnaround of the Year (business or investment), and highlight the work of professionals outside of formal insolvency events. New categories rewarding the insolvency sector include Insolvency Barrister and Corporate Rescue of the Year (both large and medium).
- Asset and Invoice Finance Provider of the Year
- Asset Valuer/Auctioneer of the Year
- Corporate Rescue of the Year (Large)
- Corporate Rescue of the Year (Medium)
- Corporate Restructuring Firm of the Year – 11 or more licensed appointment-taking Insolvency Practitioners
- Corporate Restructuring Firm of the Year – up to 10 licensed appointment-taking Insolvency Practitioners
- Corporate Restructuring IP of the Year
- Corporate Restructuring Lawyer of the Year
- Creditor Engagement and Compliance Award
- Education/Training Provider of the Year
- Innovation and Technology Award
- Insolvency Barrister of the Year
- Insolvency Law Firm of the Year
- Insolvency Manager of the Year
- Insolvency Team of the Year
- International Firm of the Year
- Personal Debt Solution Provider of the Year
- Rising Star Award
- The Sabin Award for Outstanding Contribution to the Industry
- Turnaround Firm of the Year
- Turnaround Fund of the Year
- Turnaround Investor of the Year
- Turnaround of the Year (Business or investment)
- Turnaround Practitioner of the Year(categories)
Commenting on the redeveloped scheme, Pinder added: “Turnaround, restructuring and insolvency work is vital to the UK as a great place to do business. The evolved Turnaround, Restructuring and Insolvency Awards more than ever allows the industry to celebrate its successes. With eight exciting new categories I expect this year’s event to be the most successful yet.”
Allinson concluded: “I do urge you to enter the awards this year, especially if you have not done so before. You can be assured of a totally independent judging panel and one that reflects the breadth of our industry. To achieve success having been judged by your peers is very special and I have always been very impressed by the quality of the debate and discussion around the entries .