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CAPA to audit stores at Yorkshire retailer
Find out moreThe administrators of a Yorkshire-based linen retailer have instructed CAPA to audit all stores the business occupied, to fuel recoveries for creditors.
CAPA will be undertaking full property audits at all stores occupied by The Towel Rail Ltd, which traded from 19 stores around the north of England as The Yorkshire Linen Company. At its peak, the chain traded from 43 stores nationwide, selling towels, bedding and curtains.
But like other retailers, the firm had recently suffered under the challenging and unpredictable trading conditions now affecting retail chains around the country.
After a company voluntary arrangement (CVA) process ended earlier this year, Francis Newton and Sarah Rayment, from the Leeds office of business advisory firm BDO, were then appointed administrators on June 13.
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CAPA inks deal to audit Europe’s largest luxury pen retailer
Find out moreThe administrators involved in rescuing a retailer of luxury pens have instructed CAPA to audit properties across the business.
CAPA will be auditing 20 stores operated by The Pen Shop Ltd, which has been trading for more than 160 years since its formation in 1858, after the firm was bought out of administration. The buyout saved 40 jobs at the company, which is headquartered in Morpeth, Northumberland, and will now focus on growing its online proposition.
The Pen Shop had recently suffered due to the severe trading conditions for Britain’s high street retailers.
Ultimately, the business entered insolvency in March 2019, when Christopher Ferguson and Linda Farish, business recovery and insolvency practitioners at Newcastle-based firm RMT Accountants and Business Advisors, were appointed joint administrators.
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CAPA called in to audit beauty chain
Find out moreThe liquidators of a large chain of tanning salons have appointed CAPA to audit all properties across the business.
Carter Clark, the business recovery and insolvency firm, has appointed CAPA to conduct full property audits of 14 sites occupied by Premier International Leisure Ltd, which traded as Absolutely Fabulous from salons around the south of England.
As an SME, Absolutely Fabulous had operated a network of successful beauty and sunbed salons for over 20 years.
After challenging trading conditions, the business entered a creditors’ voluntary liquidation. Alan J Clark, co-founder of the business recovery and insolvency firm Carter Clark, was appointed liquidator in June 2019.
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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.
