The administrators of a specialist in the sales, distribution and disposal of construction supplies have instructed CAPA to audit sites the business traded from.
CAPA will be conducting rates audits on Kent-based Ardula Ltd, which had traded successfully for more than two decades, but during 2020 and 2021 the business had amassed debts owed to trade creditors, hire purchase contractors and via tax.
At the same time the business was hit by the absence of trading during the pandemic and was subsequently affected by the effects of inflation.
Ultimately, in early August this year, James Snowdon and Michael Sanders of MHA Macintyre Hudson, the corporate restructuring and rescue firm, were appointed joint administrators.
They have since instructed CAPA to conduct the rates audit.
This means CAPA’s Audit team will be using bespoke software to undertake a forensic analysis of all rates information paid out across eight sites the business traded from. The team will interrogate the data to uncover any anomalies or errors, before recovering any overpaid sums for Ardula’s creditors, on a no-win, no-fee basis.
