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Stationery and greetings card retailer Paperchase has appointed CAPA to conduct a series of audits on its properties and outgoing invoices, as the British retailer seeks to generate savings across its chain of stores.
The business has instructed CAPA to undertake full property and accounts payable audits on a portfolio that includes over 100 locations, as it looks to identify and recover savings that would otherwise remain hidden in a company-wide cost base.
An established presence on Britain’s high streets for more than 50 years, Paperchase operates as a retailer of greeting cards, wrap, gifts and stationery from over 100 sites across the UK.
American Golf, the largest golf retailer in Europe, has appointed CAPA to undertake audits on its vast portfolio of stores around the UK, as the company looks to generate savings.
The retailer, which operates 93 stores in the UK and Republic of Ireland, has called on CAPA’s Audit team to conduct forensic audits of property costs to identify potentially large savings that would otherwise remain undiscovered.
Like other high street chains, American Golf endured acute challenges during Covid-19 but it still managed to turn an operating profit in the year to January 2021 – even when it had endured forced closures during the pandemic.
Bodycare Stores, the health and beauty retailer that has traded for more than 50 years, has called in CAPA to help it make savings across 164 sites it trades from.
The retail chain was launched in 1970 by Graham and Margaret Blackledge on a market stall in Skelmersdale, Lancashire, and has been an established presence across many high streets in the five decades since its incorporation.
As the main business of its parent company, G.R. and M.M. Blackledge Plc, Bodycare had been affected by the pandemic in the past two years but it is now growing its online offering.
The parent business has also been considering its strategic options since 2021 with a view to growing the business and improving its financial results.
CAPA will be the main sponsor of this year’s R3 Annual Conference.
R3 Annual Conference 2022 will be held on 18th-20th May at Beaumont Estate, Windsor.
The conference will bring together industry-leading speakers with a wide range of sessions, representing all UK regions and all levels of the profession, providing you with the opportunity to gain insight into the latest developments and future challenges affecting the insolvency profession, along with 14 CPD hours of essential content.
More information on the conference can be found on R3 Website
CAPA is continuing to champion the outstanding achievements of corporate rescue professionals, by signing up as headline sponsor of the Turnaround, Restructuring and Insolvency (TRI) Awards for 2022.
CAPA is supporting the profession’s most prestigious awards programme, which celebrates the exceptional work and outcomes in the process of rescuing struggling businesses and saving jobs, as the economy recovers from the pandemic.
For 2022, as the awards programme reaches its 15th year, the TRI Awards will return as an in-person event, due to be held at the Hilton London Bankside on 8th December, capping a year in which business advisory firms have secured the futures for many businesses that have endured testing times.
The independent judging panel for the awards will again consist of corporate restructuring practitioners, lawyers, regulators, funders and other experts, all with decades of experience across the TRI space.
For more information, visit the TRI awards