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QUICK REACH POWERED ACCESS LTD - In Administration
On 8 May 2025, Michael Magnay and Gemma Quinn of Alvarez & Marsal Europe LLP were appointed as Joint Administrators of Quick Reach Powered Access Ltd.
The Manchester based Powered Access Company with a wealth of experience in the plant hire industry operated from 8 locations.
CAPA have been appointed to carry out a full property audit over the portfolio.
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CASE STUDY – RATING CONSULTANCY
Offices – Merseyside Region
Following the company entering Administration, the operation of the business continued to trade through under the management of the Administrator. Existing tenants remained in occupation under all-inclusive rental agreements, with business rates liability continuing as an expense of the Administration. A proposal was submitted to split the assessment into occupied and vacant parts. The savings to the Administration Fund to-date exceed £250,000 and will continue until the property is sold.
If you are an Insolvency Practitioner with a similar case, please contact us for further assistance.
For more information, contact:
Nicola Hainey
Head of Business Rates
+44 (0) 7513 126 129
nicola@capa.uk.com
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The crusty cob Ltd (in admin)
The family-run bakery chain, The Crusty Cob, which had nine locations in Devon and Somerset, announced its closure with immediate effect. The business, operated by the Tubbs family for 55 years, attributed the closure to factors including the current state of the bakery industry, shrinking customer base, and rising costs like inflation and wage increases.
The administrators Azets have appointed CAPA to carry out an Rates audit over the portfolio.
R3 2025
CAPA are very proud to be main sponsor of 2025's R3 Annual Conference.
The conference theme is ‘Embracing change – shaping the profession to be fit for the future’ and the conference programme will explore how we can embrace, harness and drive change to shape the profession.
The R3 Annual Conference 2025 will be held on 7th-9th May in St. Julian's, Malta.
More information on the conference can be found on R3 Website
The 500 Club
CAPA are proud to be joint hosts of the 500 club. The 500 Club is a series of informal networking events. The invitation-only events are held throughout the year at locations across the UK, including London, Manchester, Birmingham, Leeds, Glasgow, Bristol and others.
The 500 Club events bring together like-minded professionals from the legal, insolvency, finance and property sectors (and more) for drinks, nibbles and, most importantly, good conversation. Typically, you can expect to meet lawyers, insolvency practitioners, lenders and related professionals at The 500 Club events. The 500 Club - Networking events - ESA Risk