over the years…

Our Story

Established in 1980 by Dr. Barry Wood, Turnkey Computer Technology Limited specialises in financial systems and bespoke software development.

The first version of Turnkey IPS was built on an Intertec Superbrain computer. Read more about Barry’s journey here.

Today, Turnkey IPS are recognised as the UK’s No.1 insolvency software and have a global reach across 17 jurisdictions.

Barry Wood, 1980

Launch of the Turnkey Academy, Turnkey Exchange Podcast and the IPS Cloud mobile app

  • Turnkey launched its new training platform for IPS Cloud in the UK and its first podcast, the Turnkey Exchange. IPS Cloud is also availble for the first time ever on mobile devices allowing users to log time and manage approvals on the go.

Turnkey achieves ISO 27001:2013

  • Turnkey demonstrates its commitment to the continual improvement and development of security processes to protect both internal and client data by achieving ISO 27001:2013

Launch of IPS Cloud

  • Turnkey IPS has completed its digital transformation journey with the launch of IPS Cloud. With a sleek new interface and innovative new features, IPS Cloud revolutionises the insolvency industry. IPS Cloud is currently available across the UK and Asia-Pacific Regions.
2020 - Q3

IPS Cloud MVP is launched to testers

  • The Minimum Viable Product launches to the test community of IPS users. Initial feedback has been outstanding and extremely valuable for our product roadmap
2020 - Q1

Turnkey turns 40 and gains new Chief Operating Officer

  • On Turnkey’s 40th Anniversary, Deborah Baxter joins from KPMG where she was most recently focused on driving a digital transformation agenda across all aspects of their Restructuring practice. Deborah brings over 20 years’ experience in driving technology and strategic change
2019 - 2018

IPS Cloud development begins

  • To support the industry’s drive for cloud solutions,Turnkey IPS begins prototyping, user research and assessment of development tools needed to migrate IPS SQL to the cloud
2016 - 2017

IPS Creditor Portal hits record number

  • The company sponsors ARITA and Insol in Australia and the Creditor Portal handles over 44555 cases, 36653 documents accessed by 42822 creditors

IPS SQL managed hosting launched

  • IPS SQL is available for the first time from Turnkey’s cloud platform. It is also used by 390 businesses over 750 sites with 6,500 users globally
Launch of the Creditor Portal

  • The IPS Creditor Portal launches enabling online interaction between all stakeholders in the insolvency process. The Turnkey Group is formed with four key divisions
2006 - 2005

Turnkey turns 25

  • The company celebrates 25 years of success and launches IPS for Microsoft SQL Server offering greatly enhanced functionality and seamless integration to Microsoft Office Suite. Turnkey also acquires CORE Australia PTY and appoints Jim Downey FCA is Director

Tony Wood becomes MD

  • Tony Wood is appointed Managing Director and Dr Barry Wood becomes Chairman. Tony will oversee all the companies within the Turnkey Group and is still very much hands on with the strategic direction and development of our acclaimed IPS product suite

Growth of IPS

  • IPS sponsors the Insol Conference in London and grows to support over 2200 users across 420 client sites
1995 - 1996
IPS continues to evolve

  • IPS for Windows is introduced featuring drop-down menus, point and click technology, and the ability to export data to other Microsoft products such as Word and Excel. Tony Wood also officially joins the company to manage the development team
1994 - 1993

IPS launches in Australia & New Zealand

  • After moving into a new Head Office at Thornton Lodge in East Kilbride, Turnkey appoints CORE Technology Solutions PTY limited to market IPS in Australia and New Zealand

1st IPS Annual User Group

  • The first IPS Annual User Group meeting is held in London with clients from across the UK in attendance and is a huge success

Launch of IPS

  • Turnkey’s unique Insolvency Practitioners System – better known as IPS launches in DOS format. Early adopters include Coopers & Lybrand, Arthur Andersen and Douglas Laing & Jackson


  • Turnkey Computer Technology Limited is established by Dr. Barry Wood in Glasgow, Scotland, specialising in financial systems and bespoke software development

Contact Us

UK: +44 141 644 5444

Asia Pacific: +617 2104 9050


Monday-Friday: 9am – 5.30pm

About Us

Today Turnkey IPS is helping both Corporate and Personal Insolvency professionals with their Digital Transformation journey.