The liquidators of a subsidiary company of Aspers UK Holdings, the casino chain chaired by entrepreneur and world-famous wildlife conservationist Damian Aspinall, have appointed CAPA to help them recover funds for the subsidiary’s creditors.
Opus Restructuring has instructed CAPA to conduct audits on 29 locations operated by Handy Cash Machines Ltd – whose parent company Aspers runs one of the country’s leading casino chains.
Aspers has set up super casinos in London and around the country during the past decade, running them as premier destinations.
Its Handy Cash Machines arm also operated sites across the country, but it had suffered financial problems even before the pandemic and subsequent lockdown forced national closures.
The company then entered insolvency in March last year when Trevor Binyon and Tim Dolder, of Opus Business Advisory Group, were appointed joint liquidators.
In their efforts to recover funds for creditors, the liquidators have instructed CAPA to conduct rates audits on the 29 sites.
This means CAPA’s Audit team will now use bespoke software for a forensic analysis of business rates costs paid across those properties.
The auditors will interrogate the data to uncover any anomalies or errors, before recovering any overpaid sums for the creditors of Handy Cash Machines, on a no-win, no-fee basis.
