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CAPA instructed on 30 year surf brand
Find out moreRetail occupier advisor Capa has been instructed on 30 year old surf brand Saltrock. This follows the acquisition of the Devon based company by new owners Broadgate 1972 from Administrators at KPMG on 17th August 2018.
Broadgate 1972 a sister company of the established premium UK lifestyle Brand Crew Clothing have earmarked 25 of the stores as having turnaround potential, with 2 of them potentially transferring to operate under the Crew Clothing fascia.
Capa are liaising with L/L’s and advising Broadgate on optimum lease terms going forward in respect of the stores, locations of which include Croyde, Bude, Newquay, Looe & Woolacombe. Capa Director Mike Sheath commented “being an iconic name in this sector it had obvious appeal to the owners of Crew. So far respective parties are agreeing commercial lease terms and this bodes well for Saltrock’s future despite a very challenging current retail climate.
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Tri Awards 2018 shortlist announced
Find out moreCongratulations to all the nominees who have made the Tri awards shortlist!
We look forward to seeing you all in November!
https://www.creditstrategy.co.uk/triawards-info/triawards-info/shortlist
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Administrators of care home operator appoint CAPA
Find out moreThe administrators of a care home operator in Scotland have instructed CAPA to audit properties across the firm, as a buyer is sought for the business.
Tom MacLennan, Iain Fraser and Chris Stevens, partners at the business advisory firm FRP Advisory, were appointed joint administrators of Bertinaley Care Ltd on September 11 2018.
The company operates four care homes in Hamilton, Largs, Dundee and Surrey, providing residential care, nursing care and respite care for up to 68 residents. The business had been suffering under a number of operational challenges and a decline in resident numbers, which resulted in severe cash flow problems which couldn’t be resolved.
Our Partners
CAPA is delighted to be sponsoring the Turnaround, Restructuring & Insolvency (TRI) Awards for the 8th consecutive year, organised by Shard Financial Media.
The TRI Awards has for 11 years championed the firms, teams and individuals who are beacons of best practice in the field of business turnaround, corporate restructuring, corporate insolvency and the funding of business recovery. The independent awards panel comprises restructuring professionals from the UK’s largest banks, turnaround practitioners, insolvency practitioners, funders, regulators and the country’s foremost legal experts.
