Half a million jobs saved by finalists of Insolvency and Rescue Awards

The Gazette, published by The Stationery Office (TSO), was delighted to be a 2014 finalist in the best use of technology category for the prestigious Insolvency and Rescue Awards.

The awards recognise best practice and commitment to rescue across the insolvency and corporate recovery arena, celebrating companies that have helped to turn around, revive, rehabilitate and save businesses in financial distress.

In 2014, the award’s finalists are thought to have saved an estimated 460,000 jobs due to their investment, advice, selling or financing of troubled organisations. This is 10 times the amount that was estimated in 2013, something that Kamala Panday, publishing director at Insolvency News, and organiser of the awards, was quick to praise: “It’s an incredible achievement. Without the help of our finalists more than 1,000 businesses would not be here today, resulting in hundreds of thousands of people losing their jobs. These companies should be congratulated and rewarded for their fantastic contribution in keeping our economy alive and kicking.”

For many in the insolvency industry, the primary purpose of a Gazette notice is to communicate a scheduled or past insolvency event to creditors. Placing a notice in The Gazette is a mandatory part of the insolvency process.  This year’s digital transformation of thegazette.co.uk, recognised by the awards, has made it easier than ever before for insolvency practitioners to fulfil their statutory obligations and gain access to essential information.

The vast amount of valuable insolvency information contained in notices is available to access in a variety of formats via The Gazette’s Datafeed service, which helps insolvency professionals save time and money, reduce re-keying errors, and  assists with credit control queries and facilitates lead generation, which helps them stay one step ahead of their competition.

Janine Eves, Gazettes Business and Operations Director, said: “Transforming the UK's oldest public record into a modern, accessible, easy-to-use resource was crucial in today's digital age. So we’re delighted to have been recognised as helping the insolvency industry to access the information they need and reuse and repurpose this data to help businesses in financial straits.”

See the complete list of 2014 finalists and winners.