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TRIP Group Mission Statement


Our members are turnaround professionals across Europe and beyond and we aim to: 

Provide a forum for turnaround professionals in which they can meet, develop cross-border support and contacts, cooperate and communicate in both formal insolvencies and informal restructurings.

Act as a link between INSOL Europe practitioner members and the European turnaround community, with a view to encouraging more turnaround professionals to share ideas and participate in our activities.

Be the leading forum for disseminating 'best practice', technical updates and shared experiences amongst turnaround professionals on formal insolvencies and informal restructurings.

Promote greater understanding and insight on key issues of relevance to turnaround professionals across Europe, including commercial practice, different approaches and optimized value

Monitor and provide a forum for discussion and know how on "Hot Topics" of relevance to the cross-border turnaround community.

Facilitate meetings and communication with the European Commission, regulators, national organisations on topics of importance to the turnaround community.

Create a real network for the European Turnaround Professionals, when they need each other's help, when they seek to cooperate on a case or when they need an answer to an issue.
Latest News

Duro Felguera announces court approval of its restructuring plan

Spanish engineering group Duro Felguera has secured court approval for its restructuring plan, marking a significant milestone in its efforts to restore financial stability. The Commercial Court in Gijón…

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Himolla looks to restructure through protective insolvency process

German furniture manufacturer Himolla Polstermöbel GmbH has entered ‘protective shield proceedings’, a court-supervised restructuring process designed to allow the company to reorganise while continuing…

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Appliances maker Electrolux to close Hungarian factory

Swedish appliance manufacturer Electrolux has announced it will close its factory in Jászberény, Hungary, by the end of 2026, with around 600 jobs affected. The site produces built-in and freestanding…

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Former WH Smith’s small suppliers to lose at least half of debts in rescue plan

Small suppliers face losing at least 50% of the money owed to them by the 450-store high street chain TG Jones, formerly WH Smith, under a controversial restructuring plan.  Bought last year for £76m…

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