Our Restructuring team has the knowledge and experience to help even the most distressed company through tough periods and business challenges.

Led by Donald McNaught, our expert team of licensed insolvency practitioners and corporate finance specialists can offer the most effective advice to businesses of all sizes who find themselves in financial difficulty. 

Our role is to assist owners and directors to ensure their business is not operating from a position of insolvency, both from a legal and personal standpoint.

By providing sound, early advice and outlining the avenues available to them, we help our clients avoid many of the dangers of insolvency as well as manage and minimise any damage to an organisation or its owners. 

Our award winning restructuring team has many years of experience in dealing with challenging scenarios and we will always seek a positive outcome from an understandably distressing situation for all those involved. 

TRI Awards Finalist

Corporate IP of the Year, Restructuring Firm of the Year & Insolvency Team of the Year

We can offer assistance with turnaround and restructuring services, liquidation and administration appointments, negotiations with lenders and creditors, viability reviews and monitoring and debt recovery. 

In difficult circumstances, our objective is to relieve the pressure on you by negotiating on your behalf with creditors, HM Revenue and Customs, banks and, via our extensive business network, provide access, if appropriate, to funding options such as venture capital, invoice finance, and asset-backed lending.

The trusted advice and service delivered by Johnston Carmichael means our finance and legal teams have the breathing space they need to focus on what is important.

Sandy Grant

Group Finance Director, Tulloch Homes

Restructuring Project of the Year 2015

The British Accountancy Awards

If a company cannot be protected by informal agreements, we will arrange a Company Voluntary Arrangement (CVA) which provides an invaluable breathing space, allowing you to keep running the business, while we deal with sorting out the financial problems. 

In the event that a turnaround cannot be secured, we can also assist with other formal insolvency processes.

On the freelance contracting side our Contractor MVL service is available. Our dedicated page all about ContractorMVLs explains the benefits of adopting a members’ voluntary liquidation when the time comes to close your limited company down.  

There are a number of guides for creditors and stakeholders to lead you through the various procedures. These guides are available on the ICAS website.

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