Turnkey - IPS

Name

Turnkey - IPS

Legal name

Turnkey Computer Technology Limited

Website

https://turnkey-ips.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Insolvency Practice Management Software

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening) (FSAGAFAB)

Keywords

• Cloud insolvency software
• Corporate insolvency case management
• Personal insolvency software
• Insolvency practitioner SaaS
• Restructuring and turnaround software

Headquarters

HQ city

Glasgow

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Software Subscriptions: Recurring subscription revenue from Turnkey IPS, PI, and IP platforms. Subscriptions are calculated on a per named user license basis and can be billed annually or monthly. Add-on features like KYC and COP are included in subscription packages.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Turnkey provides a cloud-based SaaS platform that helps insolvency practitioners manage corporate and personal insolvency cases end-to-end, including case management, statutory compliance, transaction processing, document management, time logging, approval workflows and stakeholder engagement. Its products are sold on a per named user subscription basis and are deployed across the UK, Ireland, the Offshore Islands and Asia-Pacific, with add-ons for KYC identity verification and Confirmation of Payee fraud prevention.

Product overview

Turnkey is a cloud-based insolvency software provider offering a unified platform plus modules architecture. The core product suite comprises Turnkey IPS (corporate insolvency practitioner software), Turnkey PI (personal insolvency for IVAs, DMPs, Trust Deeds), Turnkey IP (creditor/insolvency portal), and Turnkey Academy (training platform). Add-on modules include KYC and COP for Turnkey IPS. A forthcoming product, Turnkey Proven, will automate POD and Proxy submissions. The platform is designed for insolvency professionals across UK, Ireland, Offshore Islands, and Asia-Pacific markets.

Differentiator

Problem solved

Functional benefit

Brands

• Turnkey IPS: End-to-end platform for efficient corporate insolvency management.
• Turnkey PI
• Turnkey IP
• Turnkey Academy

Products and services

• Turnkey IPS Flagship cloud-based insolvency practitioner software platform for corporate insolvency management, providing an end-to-end system for case management, statutory compliance, transaction processing, document management, time logging, approval workflows and multi-jurisdictional reporting for sole practitioners through to international accounting firms.
• Turnkey PI (Personal Insolvency) Comprehensive personal insolvency software platform for managing Individual Voluntary Arrangements (IVAs), Debt Management Plans (DMPs) and Trust Deeds, with real-time connectivity to Open Banking, telephony, SMS and WhatsApp, and automated XML transfer for streamlined data exchange with creditors.
• Turnkey IP (Insolvency Portal) Secure self-service portal for sharing case information with creditors, debtors, employees, lenders and government stakeholders, enabling paperless processes, online voting, virtual meetings and full audit trails. Included in the Turnkey IPS subscription.
• Turnkey Academy Online training and enablement platform for Turnkey IPS users, offering self-paced training courses, a searchable knowledge base with help guides and tutorials, an industry glossary, and an AI-powered assistant that supports natural language queries.
• Know Your Client (KYC) add-on Add-on feature for Turnkey IPS providing document-free identity verification using OneID's bank-verified data, completing KYC, PEPs & Sanctions and AML checks on directors, shareholders or contacts in real time.
• Confirmation of Payee (COP) add-on Add-on feature for Turnkey IPS providing instant bank detail validation to prevent payment fraud, with batch processing for up to 50 payees at a time.
• Turnkey IPS Mobile App Native iOS and Android mobile application for Turnkey IPS enabling practitioners to approve transactions, approve time and log time on the go, with biometric login (fingerprint or Face ID) and push notifications for pending approvals.

Quantifiable outcome

• Up to 66% time saved in document creation
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability9 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core.

• Virtual CabinetcoreTechnology or IntegrationPartnership to help insolvency practitioners securely organise and collaborate on business-critical documents. Integration with Turnkey IPS enables instant access to complete case files in one central location. Virtual Cabinet provides document management, eSignatures, and secure file sharing with bank-level encryption.
• PostworkscoreTechnology or IntegrationPartnership enables secure online document uploads, same-day posting, and digital proof of postage. Helps UK-based insolvency practitioners transform case-related post management. Integration with Turnkey IPS allows downloading certificates and demonstrating compliance.
• OneIDcoreTechnology or IntegrationOneID provides KYC verification for Turnkey IPS, enabling document-free identity verification using bank-verified data. Powers the KYC add-on feature that completes identity, PEPs & Sanctions, and AML checks in as little as 30 seconds.
• The Insolvency ServicecoreOthersGovernment agency providing insolvency information and services. Turnkey collaborates with The Insolvency Service to ensure software compliance with regulatory requirements.
• R3 (Association of Business Recovery Professionals)coreOthersUK trade body for business recovery and insolvency professionals. Turnkey collaborates closely with R3 across all jurisdictions for compliance and industry standards.
• Institute of Chartered Accountants in England and Wales (ICAEW)coreOthersLeading professional body for chartered accountants. Turnkey maintains partnership for industry compliance and professional standards alignment.
• Insolvency Practitioners Association (IPA)coreOthersRegulatory body for insolvency practitioners. IPA has confirmed that OneID meets requirements for identity verification for KYC purposes and is supportive of its use by IPA members.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• LEAP Legal Software: Australia-founded legal practice management SaaS with strong UK presence serving small and mid-market law firms. Highly comparable to Turnkey as a vertical SaaS platform for legal/insolvency practitioners with workflow automation, document management, and recurring subscription pricing.
• Actionstep: Cloud legal practice management platform with deep UK/AU/NZ presence and configurable workflows for practice areas including insolvency and restructuring. Direct competitor in the legal/insolvency vertical SaaS category with a similar subscription, integration-led model.

Broad incumbents

• OneAdvanced: UK vertical SaaS provider (formerly Advanced) serving legal, accounting, and HR professionals with practice management and workflow tools. Comparable as a UK-headquartered vertical SaaS incumbent with overlapping insolvency/law-firm customer segments.
• Wolters Kluwer: Global information services and compliance software vendor with legal and tax practice management suites. Comparable as a large incumbent offering overlapping compliance, regulatory, and case-management capabilities for legal and financial professionals.
• Thomson Reuters Elite: Enterprise legal practice management platform (Elite 3E) serving large law firms and corporate legal departments. Comparable as a broad incumbent with workflow, compliance, and case-management capabilities that overlap with Turnkey's corporate restructuring workflow.
• Clio: Leading cloud-based legal practice management platform primarily serving North American law firms with expanding UK/EMEA presence. Comparable as a broad legal SaaS incumbent with workflow, document, and billing modules that increasingly compete with vertical specialists like Turnkey.
• Smokeball: Cloud legal practice management platform with strong small-firm focus and automated document assembly. Comparable as a broad incumbent whose workflow and document automation capabilities overlap with Turnkey's case management and document generation features.

Emerging players

• Onfido: AI-based digital identity verification provider used for KYC/AML onboarding across financial services. Comparable as an emerging player in the identity verification layer that Turnkey bundles via its OneID-powered KYC add-on for insolvency onboarding.
• Veriff: Identity verification and KYC/AML platform used by financial services and regulated businesses globally. Comparable as an emerging player whose KYC and sanctions screening capabilities overlap with Turnkey's OneID-powered compliance checks for case onboarding.

Regional players

• MyCase: Legal practice management SaaS for small and mid-sized law firms, primarily in North America. Comparable as a regional practice management platform serving insolvency-adjacent workflows (bankruptcy, restructuring) with subscription pricing and document automation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/turnkey-computer-technology-limited

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Turnkey - IPS