Showing posts with label insolvency practitioner. Show all posts
Showing posts with label insolvency practitioner. Show all posts

Thursday, 26 April 2012

TASKFORCE WARNS OF BUSINESS FUNDING GAP

Business may face a £190 billion funding gap within 5 years unless more is done to stimulate lending - a Government backed taskforce warned recently.

Many small businesses are struggling as banks rein in loans. The committee, lead by Legal & General boss Tim Breedon warned that problems will intensify when demand for credit increases as the economy expands in recovery.

The report predicts that demand from businesses for credit will outstrip supply by at least £84 Billion and up to £190 Billion over the next five years.

This report comes at a time when George Osbourne has intensified his efforts to make funds more accessible to SMEs.

Tim Corfield April 2012








Sunday, 26 February 2012

Insolvency Practitioners Association elects new Deputy Vice-President

The Insolvency Practitioners Association (IPA), the membership body and regulator for those specialising in insolvency practice, has chosen Mark Fry (pictured), national head of Begbies Traynor Group’s restructuring and insolvency division, as the next Deputy Vice-President. He will subsequently take up the office of president in April 2014.

Mark brings a wealth of experience to the role having practised in the insolvency and restructuring sector for more than 20 years. His expertise in handling high profile cases such as Alphasteel, Southampton Football Club and Silverjet Airways has further enhanced his reputation as one of the leading practitioners in his field.

Mark has long been a supporter of the IPA and its member services, he has been a member since 1994 and for the last four years has served as a director on its governing board which is responsible for determining policy and strategy. He previously served on its Membership & Authorisation, Examinations & Training, and Finance & General Purposes committees.

Mark Fry comments, “The IPA plays a vital role not only in raising standards within the insolvency profession, but also in widening knowledge and understanding of the value of the work of insolvency practitioners.

“I have enjoyed a long relationship with the IPA and it is a real honour to be elected as Deputy Vice-President. It’s important that those with first-hand knowledge in insolvency practice play an active role in working within the professional bodies that shape policy.”

David Kerr, Chief Executive of the IPA, comments, “It’s great to have Mark as Deputy Vice-President. Over the years he has given his time and energy to the IPA and we value the attributes and experience he brings. With so many ongoing debates about current issues within the insolvency sector, the contribution of leading experts like Mark will be crucial.”

With more than 20 years’ experience as an insolvency practitioner, Mark was originally a founding partner in Taylor Gotham & Fry, a specialist boutique practice in the corporate recovery sector, which he sold to Begbies Traynor in 2005. He is now a member of the plc board of Begbies Traynor Group and is the national head of its restructuring and insolvency practice. During his time at Begbies Traynor, he has developed a separate but integrated restructuring and banking practice; this part of the business has worked in both debtor and creditor led turnaround situations. Mark is also CEO of BTG Mesirow Financial Consulting, Begbies Traynor Group’s joint venture with American business Mesirow Financial Consulting.

read more: http://www.creditman.biz/uk/members/news-view.asp?newsviewID=15280