Our Experience

MCC Economics delivers independent, evidence-based analysis across economics, finance, and regulation. With experience spanning energy, water, infrastructure, and public policy, the firm supports transparent and effective decision-making. Clients across the UK, Europe, and the Middle East benefit from rigorous analysis, financial modelling, and clear policy insight.

Filter by:
Clear
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Publications

MCC Economics publishes independent analysis and commentary on issues at the intersection of economics, finance, and regulation. Our publications draw on experience from projects across energy, water, infrastructure, and public policy - providing evidence-based insights that support transparent, accountable, and effective decision-making.

Case Studies

MCC Economics works with governments, regulators, and organisations across the UK, Europe, and the Middle East.Our case studies highlight how rigorous analysis, financial modelling, and policy insight have supported clients in making transparent, defensible, and effective decisions. Each project reflects our commitment to clarity, independence, and analytical precision.

Filter by:
Clear
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

The Insolvency Service Case Study

Explore our case study to discover how MCC supported The Insolvency Service in delivering a comprehensive Value for Money evaluation for the Corporate Insolvency and Governance Act (2020).

Economic Analysis
2017
Warwick Anderson
Energy

Explore our case study to discover how MCC supported The Insolvency Service in delivering a comprehensive Value for Money evaluation for the Corporate Insolvency and Governance Act (2020). Learn how we sourced and analyzed extensive financial and operational data to provide actionable insights into the impact of this legislation.

The Insolvency Service required expert assistance in evaluating the effectiveness and efficiency of the recently introduced Corporate Insolvency and Governance Act (2020). Specifically, they needed a detailed value for money analysis to assess the financial and operational outcomes of the Act, comprehensive data collection and analysis for over 700 insolvent companies to ensure an accurate understanding of their financial circumstances and a rigorous verification of approximately 20,000 data points to ensure reliability and precision in the evaluation process.

MCC delivered a robust solution to meet The Insolvency Service’s requirements:

  1. Data Collection and Analysis:
    • Sourced and managed extensive financial and operational data for over 700 insolvent companies, ensuring a complete and accurate dataset.
    • Oversaw the collection, analysis, and verification of approximately 20,000 individual data points, maintaining high standards of quality and consistency.
  2. Financial Insights:
    • Provided a detailed view of the financial circumstances of selected insolvent companies, offering critical insights to inform the Value for Money evaluation.
  3. Project Oversight:
    • Led and coordinated all aspects of the project, ensuring that objectives were met on time and that the evaluation was thorough and actionable.

Our work enabled The Insolvency Service to effectively assess the impact of the Corporate Insolvency and Governance Act (2020), ensuring transparency, accountability, and evidence-based decision-making.

What we Provided them?

Department for Economy Forensic Accounting

Discover how MCC partnered with the Department for the Economy (DfE) to deliver a comprehensive forensic accounting review of BT’s broadband rollout in Northern Ireland. MCC provided detailed insights and actionable recommendations to address contractual inconsistencies and ensure the infrastructure met required standards.

Accounting
2017
PJ McCloskey
Energy

Discover how MCC partnered with the Department for the Economy (DfE) to deliver a comprehensive forensic accounting review of BT’s broadband rollout in Northern Ireland. By assembling a multidisciplinary team of accountants and engineers, MCC provided detailed insights and actionable recommendations to address contractual inconsistencies and ensure the infrastructure met required standards. This case study demonstrates our expertise in blending technical and financial analysis to support critical government initiatives.

The Department for the Economy (DfE) sought MCC’s expertise to address issues related to BT’s broadband rollout in Northern Ireland. Specifically, their needs included identification of reporting problems, investigating discrepancies in reported information, grant monitoring and oversight, technical validation, and infrastructure Inspection.

MCC delivered comprehensive and multidisciplinary approach to meet DfE’s requirements. Our contributions included:

  1. Multidisciplinary Review Team: Assembled and led a four-person team (two accountants and two engineers) on behalf of DfE to investigate BT’s broadband rollout.
  2. Contract & Reporting Inconsistencies: Identified problems in BT’s reported information, including material inconsistencies with its contract obligations under BDUK.
  3. Grant Monitoring Tools: Inspected and updated DfE’s Excel-based files used for grant monitoring and compliance tracking.
  4. Technical Site Inspections: Conducted site visits, gathered hardware specifications, and questioned openreach on technical issues.
  5. Infrastructure Verification: Engineers physically inspected installed infrastructure to assess quality and compliance.
  6. Service Delivery Assessment: Provided expert advice on whether the infrastructure would achieve super fast broadband speeds of at least 24 Mbps.

What the Client Needed?

Statistics Centre Abu Dhabi

Discover how MCC partnered with the Statistics Centre – Abu Dhabi (SCAD) to develop robust GDP forecasting models for Abu Dhabi. and in delivering precision and actionable results for complex economic challenges.

Research and Data Analysis​
2020
Rodrigo Malheiros Remor
Aviation

Discover how MCC partnered with the Statistics Centre – Abu Dhabi (SCAD) to develop robust GDP forecasting models for Abu Dhabi. By leveraging advanced methodologies and in-depth sectoral analysis, we empowered SCAD with the tools and insights needed to make informed strategic decisions and drive sustainable economic development. This case study showcases our commitment to delivering precision and actionable results for complex economic challenges.

SCAD wanted to identify qualified entities capable of delivering precise and credible GDP forecasts. Their goals included sector-specific GDP Forecasting through developing detailed predictions for each economic sector contributing to Abu Dhabi’s GDP for a period of up to five years. Moreover, the requirement was to build prescriptive models to assess various economic dynamics and their impact on sectoral and overall GDP as well as ensuring the models remained relevant through regular updates, data monitoring, and integration of new economic indicators.

MCC delivered comprehensive forecasting solutions tailored to SCAD’s requirements, ensuring precise and actionable results. Our services included:

  1. Sectoral Research and Analysis:
    • Conducted in-depth research on individual sectors contributing to Abu Dhabi’s GDP.
    • Analyzed historical performance, identified key growth variables, and evaluated market conditions for each sector.
  2. Development of Advanced Forecasting Models:
    • Built sector-specific econometric models and statistical frameworks to forecast GDP trends.
    • Integrated scenario drivers and "what-if" simulations to assess potential impacts of economic changes.
  3. Accurate GDP Forecasting:
    • Utilized advanced forecasting techniques, including extrapolation and time series decomposition, to project GDP trends over the specified time horizon.
    • Accounted for various assumptions and uncertainties to ensure reliable predictions.
  4. Continuous Monitoring and Updates:
    • Regularly updated forecasts with new economic data and information to maintain their accuracy and relevance.
    • Monitored sector-specific indicators and adjusted models to reflect changing market dynamics.
  5. Actionable Insights for Decision-Making:
    • Delivered comprehensive reports and insights to empower policymakers, investors, and businesses in their strategic planning and resource allocation.
    • Enabled stakeholders to identify opportunities for development and investment, supporting the sustainable growth of Abu Dhabi’s economy.

What the Client Needed?

Cefas Case Study

Discover how MCC supported Cefas, an Executive Agency of the UK Government, in navigating the complexities of international tax compliance. This case study highlights our role in ensuring seamless submission of tax returns and providing expert advisory services to meet Kuwait’s regulatory requirements.

Accounting
2018
Muhmmad Kashi Nazir
Water

Discover how MCC supported Cefas, an Executive Agency of the UK Government, in navigating the complexities of international tax compliance. This case study highlights our role in ensuring seamless submission of tax returns and providing expert advisory services to meet Kuwait’s regulatory requirements. From tailored advice to efficient resolution of queries, explore how our comprehensive approach empowered Cefas to focus on their core mission while we handled their tax obligations.

Cefas (The Centre for Environment, Fisheries and Aquaculture Science) required assistance in meeting their tax obligations in Kuwait. Their specific needs included Annual Tax Return Submission to the Kuwait Tax Authorities (KTA), guidance and advice on tax-related matters to ensure compliance with local regulations, and support in addressing any queries or issues raised by the KTA during the submission or review process. Additionally, Cefas needed assistance in notifying the KTA of the cessation of their activities in Kuwait.

MCC delivered a comprehensive suite of services to meet Cefas’ requirements, ensuring their tax compliance and mitigating potential risks. Our services included:

  1. Preparation and Filing of Annual Tax Return:
    • Compiled and reviewed all necessary financial data provided by Cefas for the tax year ending March 31, 2022.
    • Accurately prepared and submitted the annual tax return to the KTA in compliance with Kuwaiti tax laws and regulations.
  2. Advisory Support:
    • Provided expert advice on the nuances of Kuwait’s tax framework, ensuring Cefas understood their obligations.
    • Assisted in preparing the notification for the cessation of Cefas’ activities in Kuwait, keeping the KTA informed.
  3. Query Management:
    • Liaised with the KTA to address and resolve any queries or concerns related to the tax return submission.
    • Ensured prompt responses to KTA’s inquiries, minimizing delays and ensuring a seamless process.

Through our tailored approach and in-depth knowledge of Kuwaiti tax regulations, MCC enabled Cefas to meet their compliance requirements efficiently, allowing them to focus on their core environmental and scientific missions.

What the Client Needed?

Northern Ireland Electricity Networks Case Study

Explore our Northern Ireland Electricity Network UK case study to see how we collaborated with industry experts to address critical regulatory challenges, identify overcharges, and deliver outcomes that protected consumers and upheld transparency.

Accounting
2018
PJ McCloskey
Utilities

Explore our Northern Ireland Electricity Network UK case study to see how we collaborated with industry experts to address critical regulatory challenges, identify overcharges, and deliver outcomes that protected consumers and upheld transparency.

Northern Ireland Electricity Network Ltd (NIEN) and the Utility Regulator required expert assistance to investigate inconsistencies in NIEN’s capitalisation practices. The goal was to determine whether these practices had resulted in financial detriment to consumers and to provide a robust basis for regulatory decisions. The investigation required project management, drafting key reports, and collaborative investigation.

MCC led a major piece of this project in Northern Ireland, alongside an engineering consultancy (SKM) and a financial consultancy (PKF, now BDO), with regards to inconsistencies in Northern Ireland Electricity Network Ltd (NIEN’s) capitalisation practices. Our contributions to this project included:

  • Project Leadership: Managing the end-to-end investigation process, ensuring seamless collaboration among all stakeholders.
  • Regulatory Support: Drafting actionable reports for the Utility Regulator board, providing clear and evidence-based recommendations.
  • Expert Analysis: Working with engineers, economists, and legal advisors to uncover inconsistencies and quantify consumer impact.
  • Advocacy for Consumer Interests: Supporting the Utility Regulator’s efforts to adjust NIEN’s valuation, ensuring fairness and accountability in the energy market.

Through this work, MCC demonstrated its ability to navigate complex regulatory challenges and deliver impactful solutions that safeguard consumer interests.

What the Client Needed?

Firmus Energy Financial and Regulatory Support

Explore our Firmus Energy case study to see how we provided them essential financial and regulatory support, ensuring compliance with complex VAT regimes and delivering audited statutory accounts with precision and reliability.

Financial Strategy
2017
PJ McCloskey
Electricity

Explore our Firmus Energy case study to see how we provided them essential financial and regulatory support, ensuring compliance with complex VAT regimes and delivering audited statutory accounts with precision and reliability. Discover how Firmus Energy looked to MCC for guidance in navigating the complex financial and regulatory challenges while maintaining transparency and operational efficiency.

Firmus Energy required expert financial support to manage and streamline critical accounting processes, ensuring compliance with both national laws and regulatory requirements. Specifically, the client needed assistance in calculating VAT liabilities and preparing for VAT audits, requiring accurate classification of transactions across different VAT regimes in Great Britain and Ireland. Additionally, Firmus Energy sought a reliable approach to preparing statutory and regulatory accounts for a group of energy companies.

  • VAT Compliance & Audit: MCC was responsible for calculating company VAT liabilities and managing associated VAT audits.
  • VAT Return Preparation: Prepared VAT returns using spreadsheet calculations with senior management oversight.
  • Audit Readiness: Maintained records for inspection by internal and external auditors and addressed queries on transaction classification reliability.
  • Cross-Border Considerations: Managed VAT implications for both Great Britain and Ireland, including currency transaction issues.
  • Statutory & Regulatory Accounts: On behalf of a group of energy companies, we prepared statutory and regulatory accounts directly from the SAP financial system.
  • Audit & Publication: Accounts were externally audited and challenged; we led the process to ensure compliance with national law and licensing requirements, securing both internal and external approval of results.
  • What the Client Needed?