Dreams, the UK’s largest beds chain, has appointed CAPA to conduct a rates audit.
Dreams was sold out of administration in March 2013 to private equity firm Sun Capital Partners, in a deal that safeguarded more than 1,600 jobs. Administrators Ernst & Young had previously been appointed to run the company and find a new owner. Headquartered at ‘Bedquarters’ in High Wycombe, Dreams has a store network of 181 sites.
CAPA has been instructed to audit the rates paid out across a portfolio of Dreams' stores.
A team of auditors from CAPA will use bespoke software to audit rates charges to discover any overspend or error. Once discovered, this overspend will be recovered to generate cash across the portfolio.
The same service around rates management has been provided to various other retail chains in the UK, including JD Sports.