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CAPA nets deal with national footwear chain
Find out moreThe board of Hotter Shoes, the national shoe retailer with 64 outlets around the country, has called in CAPA to undertake a full property audit and provide strategic advice going forward.
The Audit team will use bespoke software to interrogate all data related to business rates paid to local authorities, as well as service charges, insurance and utilities.
CAPA will also inspect all accounts payable information, across all of the 64 sites, and seek to identify any anomalies or errors.
Any overspend by Hotter will be uncovered by CAPA and recoveries paid back to the retailer.
The instruction is one of many ‘live audits’ CAPA is conducting for household brands, which include McDonalds and Jollyes – the pet store and services chain.
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CAPA instructed on pet superstore chain
Find out moreCAPA’s auditors have been instructed to conduct forensic audits at more than 60 properties at Jollyes – the pet superstore with outlets around the UK.
The Audit team at CAPA will be working across 66 sites at Jollyes, one of the country’s largest retail and pet services brands. The business has more than 600 staff and posted a £2m pre-tax profit for 2018.
CAPA’s team will now inspect all accounts payable data and information related to property costs at the 66 sites.
They will deploy bespoke software to conduct a forensic analysis of the information, in a bid to identify any anomalies, errors or overspend on elements including invoices paid to suppliers, utility bills or service charges.
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CAPA to audit over 450 sites at hardware chain
Find out moreWilko, the hardware retailer with hundreds of outlets around the UK, has appointed CAPA to conduct audits across 460 of its properties.
A retailer of various home products including furniture, fixings, security devices, bathroom goods and garden items, Wilko has been trading through a vast network of sites for more than 85 years.
It is now seeking to make potentially huge savings across those locations by appointing CAPA for a range of services. As part of this overall plan, the retailer has instructed CAPA to conduct full property and accounts payable audits across the 460 sites, meaning the team will use bespoke software to inspect scores of data for outgoing costs through each location.
The team will undertake a forensic inspection of utility bills, rates, service charges and all other costs related to the properties. The team will look to discover any anomalies or errors in this data that enables them to recover hidden pots of cash for Wilko.
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.
