U.K. Turnaround and Restructuring Update February 2025 While we may have witnessed a degree of muted activity in the final quarter of 2024, this year has opened with renewed vigour, presenting strong signs of a busy 2025 for our U.K. Turnaround and Restructuring team. It was perhaps the Chancellor’s Autumn Budget statement in October that brought 2025’s potential challenges for many businesses into much sharper focus.