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.
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RSM appoints CAPA on pioneering thermal engineering firm
Find out moreThe liquidators of a pioneering engineering firm that operated globally have instructed CAPA to conduct audits on all sites the business traded from.
RSM UK Restructuring Advisory, the corporate insolvency and restructuring firm, has appointed CAPA to undertake rates audits on Western Thermal, which specialised in thermal installation for more than 35 years until its liquidation.
Western Thermal had around 100 employees in recent years and worked as lead contractors with some of the UK’s largest construction companies.
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A special welcome before R3's Annual Conference begins
Find out moreHaven’t we all missed this?
CAPA would like to extend a warm welcome to all delegates at R3’s Annual Conference, where we’ll see hundreds of delegates as in-person networking returns to an action-packed event.
As main sponsor of the conference at Beaumont Estate, Windsor, CAPA will deliver an opening speech on day two of the conference on Thursday, with our co-founder Mike Sheath welcoming delegates alongside R3 president and Edwin Coe partner Christina Fitzgerald.
Mike will also join a panel on Friday to explore how restructuring professionals can resolve challenges around rent arrears, and implications from the Commercial Rent Arrears Arbitration Scheme.
We look forward to catching up with guests at the gala dinner on Thursday night, and other events on a distinguished agenda that runs from Wednesday to Friday this week.
For more information, take a look at R3’s event programme. -
CAPA appointed on metal manufacturer hit by inflation
Find out moreThe administrators of a national metal manufacturer have appointed CAPA to conduct audits on the company, after the firm was hit by several issues including the soaring cost of materials.
RSM UK Restructuring Advisory, the corporate restructuring and rescue business, instructed CAPA to undertake the audits on First Components, which operated as a precision engineering business based in the West Midlands.
The manufacturer of metal structures and parts for supply chain companies had been trading for nearly 18 years. It had served a wide range of industries including aerospace, automotive, medical through to electrical, white goods and general engineering, but was affected by a series of financial problems throughout 2021.
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CAPA to appear in R3 speaker line up featuring BBC economics editor
Find out moreThe full agenda for R3’s upcoming annual conference has been announced, with headline sponsor CAPA due to appear in a speaker line-up featuring BBC economics editor Faisal Islam and a host of restructuring experts.
Islam will be a keynote speaker at the conference next month, which will be held at the Beaumont Estate, Windsor, as it returns as a physical event from May 18 to 20.
The broadcaster will join a range of legal and corporate restructuring professionals drawn from various business rescue companies, law firms and the government. These include:
- Christina Fitzgerald, partner, Edwin Coe and R3 president;
- Dean Beale, chief executive, The Insolvency Service;
- Raquel Agnello, QC, Erskine Chambers;
- Jim Morrison, debt management enforcement and insolvency lead, HMRC;
- Claire Howell, insolvency partner, Antony Batty & Company;
- Ian Corfield, partner, FRP Advisory;
- Mike Sheath, director and co-founder, CAPA;
- Marcus Rea, senior managing director, Teneo Restructuring;
- Melanie Leech, chief executive, BPF;
- Matt Meehan, head of Europe, partner, Sandton Capital.
Other speakers from firms including RSM Restructuring UK, Smith & Williamson, Keidan Harrison, Begbies Traynor and South Square are also on the agenda.
CAPA’s co-founder Mike Sheath will be appearing alongside panellists who will explore the new Commercial Rent Arrears Arbitration Scheme.
They will discuss how effective the scheme could be in resolving rent arrears disputes – a long-running issue that the pandemic has exacerbated in retail and other sectors.
Registration for the event can be completed on R3’s website.
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CAPA appointed on marketing consultancy to Leeds Utd and Grand National
Find out moreThe administrators of a Leeds-based marketing agency used by major national clients have appointed CAPA to conduct audits of sites the firm traded from.
Corporate advisory and restructuring firm Mazars has appointed CAPA to undertake audits on Banana Kick, which counted among its clients Leeds United Football Club, the Grand National organisers, sports retailer Decathlon and national railway providers.
The agency had built up its client base steadily since it was set up in 2008, and was known for its contributions to cultural and family activities offered in Leeds city centre.
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Quantuma appoints CAPA after saving jobs at restaurant chain
Find out moreAdministrators who rescued a restaurant chain by managing a pre-pack sale of the business have appointed CAPA to audit properties the company traded from.
Quantuma managed to secure the future of Fyre Restaurants, which trades as Roxie Steak, by selling the company’s business and assets at three trading sites. The deal secured the future of 50 jobs across the chain and enabled a full return to the firm’s secured creditor and a distribution to the preferential creditors.
Quantuma has since instructed CAPA to conduct the rates audits as it looks to recover further funds for the preferential creditors of Fyre Restaurants. The chain operated five restaurants across London, including in Wimbledon, Earlsfield, Putney, Twickenham and Fulham.
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CAPA appointed on global fashion group linked to Beckham’s brand empire
Find out moreThe administrators of a group of international fashion and footwear companies have instructed CAPA to undertake audits at sites the company traded from.
Teneo Restructuring, the corporate restructuring unit of the global advisory firm, was appointed late last year as administrators of GBG Europe Footwear and Accessories, GBG International Holding Company and TVM Fashion Lab.
GBG International Holding Company owns 51% of Seven Global, the licensing platform for David Beckham to promote partnerships with global brands.
Since its appointment to the fashion and footwear companies, Teneo Restructuring has instructed CAPA to conduct the rates audits on 10 international sites across the business.
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CAPA to appear at R3 Annual Conference
Find out moreCAPA will be appearing at R3’s Annual Conference in May, in a session where experts will explore the impact of a new arbitration scheme designed to resolve disputes over commercial rent arrears.
CAPA’s co-founder and head of property services Mike Sheath will be appearing alongside panellists drawn from the insolvency and corporate restructuring profession, as well as the main trade body for commercial property landlords, in a session that takes a deep dive into the new Commercial Rent Arrears Arbitration Scheme.
As the annual conference returns as a face-to-face event, at Beaumont Estate in Windsor on May 18-20, the panel will discuss how effective the scheme could be in resolving rent arrears disputes – a long-running issue that the pandemic has exacerbated in retail and other sectors.
As a leading authority on the issue, Mike Sheath will examine the new government scheme that’s due to come into force next month and its implications for insolvency practitioners involved in attempts to resolve such disputes, as they look to preserve the value of companies in trying to rescue or restructure them.
On the third day of the conference, the panel will look at how the scheme and the accompanying code of practice will operate in practice, exploring landlords’ and tenants’ views on whether it will achieve the aim of resolution. Alongside Mike, the other panellists will be:
Melanie Leech, chief executive, British Property Federation; Jason Hunter, partner, Russell Cooke; Ian Corfield, partner, FRP Advisory; David Fendt, senior associate, Russell Cooke; Lee Benmore, assistant manager, Mercer & Hole.
More information on the three-day event can be found on the R3 website.
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Leonard Curtis appoints CAPA on national facilities manager
Find out moreThe administrators of a facilities management firm hit hard by the pandemic have instructed CAPA to conduct audits of all its sites around the country, to help boost returns to creditors.
Leonard Curtis Business Rescue & Recovery has appointed CAPA to undertake rates audits of 17 sites run by Mortimer Facilities Management Ltd, after the corporate rescue firm completed a pre-pack sale of the company to a connected party.
The history of Mortimer Facilities dates back more than 25 years to its beginnings in the mid 1990s in the south east of England.
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MacIntyre Hudson appoints CAPA on national rail services provider
Find out moreThe liquidators of a technology provider for national rail companies have appointed CAPA to help boost recoveries for the firm’s creditors.
MacIntyre Hudson, the business advisory and corporate restructuring firm, has instructed CAPA to conduct rates audits of nine sites around the UK used by Smth Rail Signal Testers, which is now in liquidation.
The business had suffered various financial problems during the past year, having twice faced compulsory strike-off action at Companies House.
A winding up order was issued against the company in November 2021 and in January this year, the business entered liquidation with Georgina Eason and James Snowdown of MacIntyre Hudson appointed as liquidators.