CAPA has been appointed to audit properties across a tyre company that covered 80 percent of the UK at the point of its collapse.
Tyres on the Drive, based in Crewe, offered mobile tyre fitting and puncture repair services from eight regional hubs around Britain. At its peak the business posted turnover of more than £15m and employed 170 staff.
More recently the company endured severe financial difficulties and on January 30 2019 it entered insolvency, with Sarah O’Toole, Jon Roden and Edward Williams, of the business advisory firm Grant Thornton, being appointed as administrators.
They have now instructed CAPA to undertake property audits of 10 sites run by the tyre chain. This means CAPA’s Audit team will now use bespoke software to trawl through all costs relate to the properties, such as business rates, utility bills and service charges.
They will carry out a forensic inspection of the data and look to identify any errors, inconsistencies and anomalies. In turn the team will then seek to recover any overpayments for the creditors of Tyres on the Drive.