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"We have involved the CAPA team on both the Jessops and Phones4U administrations where they have brought to bear their skills and experience to generate significant additional recoveries for the stakeholders, a great result in both cases."
"I was interested in CAPA's point of difference, in that it works for tenants only. In completing 390 landlord negotiations I would say that CAPA's performance has been excellent, with very good results achieved."
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CAPA is aiding the recovery of an e-cigarette company where more than 70 jobs have just been saved in a rescue deal.
I-Vapo Ltd was rescued by restructuring specialists at Quantuma, the business advisory firm, in January 2018 after struggling with cash flow problems.
The Cambridgeshire-based business entered administration on January 23 but within 24 hours of going into insolvency, the administrator at Quantuma Carl Jackson managed to sell the business as a going concern to a new entity set up by the directors.
CAPA, the property and audit consultancy, has appointed an experienced senior manager to lead the accounts payable team in its Audit division.
Steve Dodsworth is now spearheading the CAPA team that audits invoice data, across hundreds of branches, for a range of blue-chip companies including McDonald’s and Co-op.
His team undertakes a forensic analysis of accounts payable information to identify overspend and error, before recovering vast sums of cash for clients. His remit also includes growing this part of CAPA’s business.
With more than 20 years’ experience in auditing, Steve has previously worked with CAPA’s co-founder, Tony Sweeney, as well as the recovery audit firm PRGX where he led teams working with large retailers.
Leonard Curtis Business Rescue and Recovery has instructed CAPA on 220 cases during 2017, appointing the audit and property consultancy on some of its largest cases.
CAPA has worked closely with Leonard Curtis throughout 2017 to undertake a range of services including forensic audits of property service charges, utility bills and invoices owed to insolvent companies.
One of the country's largest corporate restructuring and insolvency practices, Leonard Curtis Business Rescue and Recovery operates from 14 locations across the UK. Across just March and February this year, it appointed CAPA to carry out work on 48 different firms.
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.