News
Here you can find CAPA’s latest appointments to undertake forensic audits, as well as instructions for property services from a range of blue-chip clients including retailers, insolvency practitioners, leisure operators, banks and venture capitalists.
-
FRP appoints CAPA after saving over 100 jobs at jewellery business
Find out moreAdministrators who managed to safeguard more than 100 jobs at a national watch and jewellery repair business have appointed CAPA to conduct major audits of the company.
FRP Advisory recently rescued the company, In-Time, by selling the business through a pre-pack administration to The Timpson Group – the retailer and repair chain that operates sites across the London underground and national railway stations.
In-Time, which has been trading since 1981, provides repair services from 38 locations across the UK. The business operates two dedicated shops as well as kiosks within a range of department stores including John Lewis and previously Debenhams.
-
CAPA appointed on grocery firm after more than 100 jobs saved
Find out moreThe administrators of the UK’s largest vegetable processing business have instructed CAPA to carry out audits on the company’s vast sites – after it became the most recent firm to succumb to the effects of high inflation.
Interpath Advisory, the corporate restructuring and business rescue experts, appointed CAPA after managing the administration of Yorkshire-based Troy Foods and securing a sale of parts of the business – a move that saved 104 jobs in the run up to Christmas.
Having traded for more than 20 years, Troy Foods had employed nearly 200 staff who worked in large leasehold sites in Leeds and Yorkshire, preparing groceries for distribution around the UK.
-
BDO appoints CAPA on bus company hit by inflation and pandemic
Find out moreThe administrators of a bus company that operated as a social enterprise have appointed CAPA to conduct audits on all sites it traded from.
BDO has appointed CAPA to undertake rates audits on HCT Group, which had provided transport and community services around the UK for more than 40 years, but fell into insolvency in 2022 due to a combination of economic factors and changing passenger behaviour.
The company had suffered a number of financial and operational challenges over an extended period.
These included reduced passenger numbers due to the pandemic, as well as operational and financial pressures as a result of a high demand for bus drivers and wage inflation, particularly in London, and rising fuel costs.
-
CAPA appointed on shoe retailer as administration extended
Find out moreThe administrators of Johnsons Shoes, a retailer that has traded for more than 50 years, have instructed CAPA to carry out audits on various stores operated by the business.
Begbies Traynor has appointed CAPA during the administration process, which was extended for a year as the corporate insolvency and restructuring firm explores further ways to boost returns to creditors.
Incorporated in 1970, Johnsons was a family-owned business that traded profitably for decades, offering shoes and accessories through brands such as Timberland, Hotter, Barbour and Ugg.
-
CAPA appointed on AMT Coffee after sale of outlets saves 200 jobs
Find out moreThe administrators of AMT Coffee who saved around 200 jobs at the chain by selling many of its outlets out of insolvency have appointed CAPA to conduct audits on the business.
Interpath Advisory has appointed CAPA to conduct rates audits after the business recovery firm secured an 11th hour rescue of more than half the sites AMT Coffee traded from, by selling them out of administration and safeguarding jobs in the process.
Operating since 1993, AMT had 43 leasehold sites mainly located in railway stations, hospitals and airports around the UK and Ireland.
The company’s trading performance had been significantly disrupted first by the impact of the pandemic and subsequent lockdowns through 2020 and 2021, and later by a high-inflation trading environment.
-
TRI Awards winners
Find out moreCAPA had a great time at the TRI Awards. Congratulations to all the winners https://www.tristrategy.co.uk/...
-
Merry Christmas
Find out moreWe would like to wish you and your family a very Merry Christmas and a Prosperous New Year in 2023! https://mailchi.mp/capa/merry-christmas
-
Paperchase instructs CAPA on over 100 sites
Find out moreStationery 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.
-
CAPA appointed on Europe’s largest golf retailer
Find out moreAmerican 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 looks to CAPA for audit on over 160 sites
Find out moreBodycare 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.