We specialise in Corporate Insolvency Solutions and thrive on navigating those complex financial situations that can arise for any business. We work with you and your clients to ensure that the best outcomes are delivered for everyone. Browse the solutions below or contact us for a free consultation.
A Creditors Voluntary Liquidation (CVL) is a formal procedure available to a company that is unable to fulfill their debts and is therefore deemed insolvent.
If there are no prospects for restructuring or coming to an arrangement with creditors, the company usually needs to cease trading. Directors call a meeting with shareholders to discuss winding up the company. A liquidator is then appointed to start the liquidation process.
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A Members Voluntary Liquidation (MVL) is a formal procedure available to a company that is solvent, but wants to voluntarily close down.
This process is typically chosen when a company has reached the end of its life, such as when the directors or shareholders decide to retire, restructure, or distribute assets in a tax-efficient way.
Click the button to read more about the MVL process, or contact us for a free and confidential consultation and we will advise on your options.
SCARP, which is short for Small Company Administrative Rescue Process, is a formal Insolvency process that is available to small and micro businesses that are facing financial difficulty, but wish to continue trading.
SCARP was introduced in 2021 to provide a faster, more cost-effective alternative to traditional examinership, which can be considered expensive and complex.
Click the button to read more about SCARP, or contact us for a free and confidential consultation and find out your options today.
Examinership is a formal legal process that is designed to help companies who are in financial difficulty. Examinership affords a company time to restructure with a view to potentially avoiding liquidation. It provides a court-supervised "breathing space" during which the company is protected from creditors, enabling it to find a way to return to profitability.
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Court liquidation is a formal Insolvency process to close down an insolvent company through a court order.
This type of liquidation is typically initiated by a creditor who petitions the court, showing that the company cannot pay its debts. The goal is to sell off the company’s assets to repay creditors as much as possible, after which the company ceases to exist.
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In today’s complex financial landscape, professionals such as accountants and solicitors often have clients that are facing financial distress. Our advisory service is dedicated to collaborating with you and your clients to identify effective solutions that will help address their unique challenges.
We understand the intricacies of financial distress and the impact it can have on individuals and businesses. Our experienced team works closely with you and your client to develop tailored strategies that focus on resolution and recovery.
Click the button to read more about our professional advisory services, or contact us for a free and confidential consultation and find out your options today.
The growing complexities of the modern business environment have led to an increase in business-related investigations and legal proceedings.
At McCambridge Duffy, we believe that providing objective advice and a clear approach to complex accountancy issues is essential for achieving favourable outcomes for our clients while maintaining cost-effectiveness.
Our team of forensic accountants bring a wealth of commercial and financial experience to every case. Whether you require investigative accounting services or litigation support, our team has the expertise and skills necessary to meet your needs.
