One particular part that is always vulnerable on all McCulloch items has always been the magneto.
This is mounted near the base of the engine beneath the Cylinder Pot. and will require the flywheel removing to get at it. You'll need a flywheel puller to get that off and then look for a replacement from a hardware breakers, like Grass n Ground in Crewe or similar. At least you can get the item tested there to see if it is that item at fault.
To test if it is your mag that has blown. Simply make sure eveything is connected up, remove the spark plug and with the HT cap still on touch it against the engine casing. Pulling on the starter cord will tell you if you have a spark or a duff magneto.
If you are getting a spark then the next place to look is the carburettor. But only disassemble this if you know its not the coil, as stripping this is not an easy job either.
Kind regards
PGB
Paul beckett, April 2009