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.
McDonald's has also continued to give CAPA a management role to advise on all service charge issues and to approve all payments.
The team will inspect service charges to discover any overspend buried in the information, before recovering it for the franchises.
In the UK, where McDonald's employs 97,000 people, around 1,250 restaurants serve about three million people every day. As a franchising organisation, around 70 percent of the UK restaurants are owned and operated by local businessmen and women.
