This Wednesday marked a decade of the Turnaround, Restructuring & Insolvency (TRI) Awards, sponsored by Capa, where teams, companies and individuals celebrated exceptional, professional achievements.
Following a ceremony at the Hilton on Park Lane, London, we can now reveal the TRI winners of 2017.
Coming straight after the inaugural TRI Conference: Special Situations and Turnaround, the awards celebrated the outstanding firms, teams and individuals in their respective fields of turnaround, funding, corporate restructuring, insolvency and personal debt advice.
The awards programme highlighted those who are beacons of best practice in the world of business recovery, who have shown skill, innovation and know-how while restoring companies to a sustainable position.
Big winners on the night included some of the big four accountancy firms, KPMG and PwC, as well as Kirsty Emery of DLA Piper for the Rising Star Award.
The first award given out was to Shay Bannon, national head of business restructuring at BDO, who was honoured with the Nick Sabin Award for outstanding contribution to the industry. Tony Lomas, chairman of UK business recovery services at PwC, paid tribute to Bannon in a speech before presenting the award to him. Bannon was given a standing ovation.
During the evening, Luke Broadhurst, managing director of Credit Strategy, announced the launch of the TRI 250 - an exclusive club of senior professionals across the turnaround, restructuring and insolvency profession.
The TRI 250 is the culmination of research undertaken by the TRI team at Credit Strategy to recognise the achievements, successes and support that individuals have given to this profession.
As an index of influence and best practice, the TRI 250 also recognises those responsible for the progression of industry standards, and inspiring excellence across the industry.
Being part of the TRI 250 gives members privileged access to the latest market information and invitations to the industry’s leading networking events and awards, as well as a number of other benefits.
During the night guests from across the industry raised more than £20,000 for Childline, a free 24-hour counselling service for children and young people in the UK.
Guests were also entertained during the awards by Radio 5Live’s Fighting Talk presenter Colin Murray who anchors Channel 5’s football shows and hosts Channel 4’s American Football coverage.
The evening followed the very first TRI Conference which featured a forensic examination of the most lauded business turnaround case studies of recent years, including Tie Rack/Rolling Luggage and Versandhaus Walz. Delegates also heard from PwC that £36bn has been repaid to creditors out of the Lehman Brothers liquidation.