Fashion retailer Jigsaw has instructed CAPA to conduct audits on its network of more than 50 stores and office locations, as it looks to generate potentially vast savings across its portfolio.
The company has appointed CAPA to undertake business rates audits on 51 sites it trades from, joining a growing roster of retail clients partnering with CAPA to identify savings across their operations.
Having traded for more than 50 years, Jigsaw still operates in prime high street locations around the UK, Ireland, Holland and Australia.
The company recently returned to profitability after a period of restructuring and investment in its stores and online proposition.
For the year to January 2022, the fashion chain posted profits on an EBITDA basis of £2.8mn while its revenue increased to £47.7mn, up from £38.7mn a year earlier.
As the retailer now focuses on building on its digital services, international expansion and the expansion of its store portfolio, the business is also calling in CAPA to identify where savings can be identified.
The retailer’s instruction will see CAPA’s Audit team conduct a forensic audit of payments to local authorities at the 51 sites. This will involve the use of bespoke software to interrogate the business rates data at each location.
CAPA will look to identify any anomalies or errors, before recovering any overpaid sums for Jigsaw on a no-win, no-fee basis.
