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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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McDonald's have renewed their contract with CAPA for property audit services across all UK and Irish Sites, until mid 2020.
McDonald’s first instructed CAPA in June 2016, as the company looked to make savings and recover cash, which would otherwise have remained undiscovered, across its vast property portfolio.
After a successful partnership, the renewal means CAPA will continue to undertake a forensic analysis of property outgoings and accounts payable information on every site.
CAPA’s auditors will be using bespoke software to uncover multiple elements such as errors in utility bills, or overspend by the company on various payments including insurance and rates. This in turn will help generate cash across the portfolio.
Sofology, the furniture retailer with stores across the country, has instructed CAPA to undertake full property audits across 47 of its locations.
Founded in the north west of England in 1974, Sofology now has more than 1,000 staff across its stores, where sofas ranging from mid-price up to luxury items are sold in professionally-designed room sets.
Renowned as an early adopter of new technology, Sofology is also known for deploying a non commission-based structure for sales staff, who are rewarded on customer service. The move has been a significant driver of its recent rise in turnover.
The business has now instructed CAPA to conduct full property audits nationwide across the 47 outlets – a major undertaking for its audit team.
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.