What is R3?
R3 is the leading professional association for business recovery, corporate reconstruction, insolvency and turnaround specialists in the UK. Its full name is the Association of Business Recovery Professionals - known by the brand name R3, which stands for Rescue, Recovery and Renewal. It was established, originally as SPI, in 1990. SPI was the Society of Practitioners of Insolvency. R3 now performs all the functions of SPI and more, as it now recruits business turnaround professionals. It is a private limited company by guarantee and operates as a not for profit organisation.

What does R3 do?
R3 is the focus for business recovery and insolvency professionals who are mainly accountants and lawyers. Their activities range from the recovery of assets for creditors to corporate recovery and turnaround management. R3 represents the views of its members to government and the media. It gives advice to its insolvency practitioner (IP) members on insolvency law and practice. It organises courses, conferences, workshops and meetings to satisfy its members' continuing professional education (CPE) needs. It provides a network for all professionals working in this highly specialised field, now including turnaround management. R3 gathers and publishes statistics on corporate recovery and personal insolvency.