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In such an unstable economic climate, extra praise is due to the men and women who help struggling businesses through the rough times and create stakeholder value for all concerned.

The Institute for Turnaround is calling for nominations for the 2008 Europe’s Top Turnaround Awards on Monday 1st December at the Troxy in London.

This hotly contested awards include winners such as Booker plc, Dr Martens, My Travel, Mid Cheshire Hospital Trust, Jon Moulton and in 2007 Sir Stuart Rose, Executive Chairman of Marks & Spencer taking away the Chairman’s Special Award for achievement and contribution to turnaround.

There are 10 categories in which you can enter or nominate a worthy contender. The categories include Listed Company, Private Company, International Company, Public Sector which includes charities, International Turnaround, Turnaround Financier and Turnaround Professional.

2008 sees the introduction of 3 new categories. Turnaround Legal Adviser will be awarded to a firm or person who has shown innovation and commerciality when tackling turnaround issues of a legal nature. They will be at the top of their field.

Recognising the SME sector as the backbone of the British economy, this year the Institute for Turnaround calls for nominations for successful turnarounds within the SME sub £20m market which have included both financial and operational aspects to the turnaround.

And last is the introduction of the Turnaround Rising Star. Not everyone can be at the helm and this award will go to someone who was an outstanding part of the team going above and beyond what was expected. This person would also be likely to steer their own ship one day.

The 1st December will bring together 600 of the UK’s top turnaround executives and business leaders, whose achievements in restoring value to distressed companies will be celebrated. IFT members have been active in some of the UK’s and international most high-profile companies.

If you are or know someone that should be put forward for an award please download the nomination form from the IFT website and ensure your nomination is returned by Friday the 8th of August.

For more information about how to nominate or this event in general please visit the IFT website on

Editor’s Note:

The Institute for Turnaround (IFT) is Europe’s leading professional body for the whole Turnaround Community. IFT was founded in 2000 as The Society of Turnaround Professionals. We represent a unique audience responsible for funding, structuring, negotiating and executing business turnaround that shapes the real economy. We have a membership of rigorously accredited turnaround executives and advisers, with corporate partners representing the best in law, accountancy, corporate banking and finance, private equity and other experts involved in the field.

Further information:

Emma Taylor, Marketing Services Executive
Email –
Telephone – 020 7324 6217

This press release was distributed by ResponseSource Press Release Wire on behalf of Institute for Turnaround in the following categories: Business & Finance, for more information visit