Adrian Hyde, President

IPA Insolvency Practitioner newsletter, February 2025

As we near the end of winter and await the lighter evenings and the green shoots of growth, we are also bracing ourselves for the bumpy ride that may be upon us courtesy of the US President. The announcement of 25% tariffs on steel and aluminium from 12 March has hit Australian and Canadian dollars, as well as the Euro. Banks and hedge funds are beefing up their foreign exchange desks in a response to the volatility which the skirmishes in the international trade arena are creating – it looks like it’s ‘seat-belts on…..it’s going to be a bumpy ride”! This move is hot on the heels of his Canada, Mexico and China broader tariffs; as I write this, we are only in week three, with only 205 more to go.

This month sees me moving into the last quarter of my office as President of the IPA, a role which I have enjoyed immensely so far. I am looking forward to getting over to Cardiff next month for the first roadshow of the year which is in Wales by popular demand. Hopefully, I will see many of you there.

I would like to offer my congratulations to Amanda Wade who was appointed to be the next Deputy Vice President of the IPA at last month’s meeting of the board. This will ultimately lead to her taking this office in 2027 – it is well deserved after her many years on the Finance and Risk Committee, and I am sure she will continue to serve the organisation very admirably.

This month has also sadly been marked by the news of John Dickinson’s passing. A stalwart of the profession for over 25 years, John was a well-respected IP and will be sadly missed. I would like to pass on my condolences to his family, and all at CBW.