Mazars, the global accountancy and business recovery firm, has appointed CAPA to conduct property audits on 83 business administrations and liquidations.
As a long-established partner of Mazars, CAPA has been appointed on a wide range of cases spanning multiple sectors and the breadth of the country.
CAPA’s Audit team will be working on properties occupied by firms in industries ranging from aerospace engineering, leisure, tourism, catering and home retail, right through to architects, wine merchants, warehousing, logistics and more.
Among other cities and counties, the team will be auditing sites in London, Nottingham, Stafford, Blackburn, Coventry, Suffolk, Hertfordshire, Kent and up to the tip of Sunderland.
The rare, single instruction on multiple businesses means CAPA’s team will now use bespoke software to undertake forensic audits on property costs throughout the 83 cases.
In every site across every insolvent business, the auditors will inspect all property costs including utility bills and service management charges. The team will look to uncover any anomalies or errors, to then recover any overspend for the creditors.
Having been instructed on so many cases, and working on a no-win, no-fee basis, CAPA is looking to recover substantial combined sums for the creditors.