The liquidator of Mains Home Electrical Centres, a retailer of electrical white goods for more than 30 years, has called in CAPA to conduct a full property audit.
Based in Bishop’s Stortford, Hertfordshire, Mains Home Electrical Centres first opened in February 1988 and had become a successful retailer in its local area.
However, in recent years the business had suffered pressures related to changing consumer habits, the move to online shopping and poor trading during the Christmas period of 2017. Earlier in 2018, adverse weather brought on by the ‘beast from the east’ also impacted sales.
In June 2018 Martin Weller, of FRP Advisory, was appointed as liquidator.
FRP has now instructed CAPA to conduct a property audit on four sites across the Mains business.
The instruction means CAPA will now undertake a forensic audit of sums paid out across the properties, including utility bills and other elements. The team will use bespoke software to inspect the data and uncover errors or any anomalies, such as overspend, that will enable them to recover cash for the creditors of Mains.