Insolvency occurs when a business cannot pay its debts. An insolvency practitioner, being a Registered Liquidator, is appointed to take control of the insolvent company, manage its affairs and pay monies to creditors.
One misconception of formal insolvency is that it means the cessation of the business. This is not always the case. There are various options available within the insolvency regime to restructure all or some of the business.
The insolvency appointments MaC Insolvency can undertake include:
Business turnaround services may take the form of one-off engagements or ongoing roles or a combination of informal or formal insolvency solutions. The primary purpose is to save or restructure the business, preserving capital and jobs.
These services may include:
As Registered Liquidators and CPA’s, MaC Insolvency has the expertise to undertake many specialist advisory services, including: