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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CAPA instructed by £1bn home retailer DFS on over 200 sites
Find out moreDFS, the UK’s market-leading retailer of living room and upholstered furniture, has agreed a partnership with CAPA to explore potential savings throughout its large property portfolio.
The retailer has instructed CAPA to conduct audits on 220 sites that DFS occupied across its vast network of stores and offices.
With a major presence in shopping centres around the country, DFS has recently seen its annual revenues increase more than 8% to £1.1bn, for the 12 months to June 26 this year, with pre-tax profits hitting over £60mn for the same period.
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CAPA will be attending the TMA UK 21st Birthday Party
Find out moreCAPA will be attending the TMA UK 21st Birthday Party on Wednesday 23rd November. #tma #birthday #event https://tma-uk.org/events/detail/tma-uk-coming-of-age
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Jigsaw instructs CAPA on property portfolio
Find out moreFashion retailer Jigsaw has instructed CAPA to conduct audits on its network of more than 50 stores and office locations, as it looks to generate potentially vast savings across its portfolio.
The company has appointed CAPA to undertake business rates audits on 51 sites it trades from, joining a growing roster of retail clients partnering with CAPA to identify savings across their operations.
Having traded for more than 50 years, Jigsaw still operates in prime high street locations around the UK, Ireland, Holland and Australia.
The company recently returned to profitability after a period of restructuring and investment in its stores and online proposition.
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Begbies Traynor calls in CAPA after saving jobs at UK’s largest roofing contractor
Find out moreThe administrators of a national roofing contractor have instructed CAPA to conduct audits on more than 20 sites the business traded from, after they secured an 11th hour rescue of parts of the company via a sale process.
As administrators of Avonside Services Group - a business that originally formed in 1987 and employed around 350 staff - Begbies Traynor was able to secure the future of nine Avonside Roofing branches, preserving 79 jobs via an administration sale to an industry buyer.
After the last-minute rescue process, Begbies Traynor has now instructed CAPA to conduct rates audits on 23 sites that Avonside occupied.
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CAPA will be attending R3's SPG Forum
Find out moreCAPA are delighted to be attending the SPG Forum from 2-4th November 2022. We will also be sponsoring the prestigious golf event that will take place on 2nd November at Belfry Hotel & Resort, the spiritual home of The Ryder Cup, after hosting the event four times previously.
The SPG Forum (which stands for Smaller Practices Group) will explore the big issues facing the profession in these challenging times.
https://www.r3.org.uk/events-training/?acc=1&sa=showevent&id=31297
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CAPA attending R3 Business Lunch
Find out moreCAPA are delighted to be attending the R3 Business lunch on October 7th at the Royal Lancaster London for a day of networking with colleagues from all areas of the insolvency and restructuring community and great laughs with comedian and host Matt Forde.
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CAPA instructed on over 50 outlets of Shuropody
Find out moreCAPA has been appointed to audit 51 sites occupied by Shuropody, the UK’s largest private provider of chiropody and podiatry services.
The ‘live audit’ has been instructed by the board of the national chain, which operates more than 100 podiatry clinics across 50 stores and serves more than 300,000 patients around the UK.
The outlets are operated by a company that previously bought assets of Shuropody out of administration, saving a number of jobs in the process and keeping the business trading.
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Interpath instructs CAPA on global grocery firm Jupiter
Find out moreInterpath Advisory, the corporate restructuring and insolvency firm, has appointed CAPA to carry out audits on a global grocery company that supplied major supermarkets such as Tesco, Lidl and Asda.
As administrators of Jupiter Marketing Ltd, a national producer and distributor of fruit and vegetables that is now insolvent, Interpath has instructed CAPA to conduct rates audits on sites the firm traded from.
Jupiter was founded around 20 years ago with the aim to become the world’s most transparent fresh produce business.
The company had traded successfully for many years and more recently had amassed a worldwide customer base, having completed an acquisition trail of companies in South Africa, Spain, Holland and other territories.
Jupiter also had partnerships in India, northern Europe, Greece and South America that enabled an expansive offering of produce.
In the past two years however the business had been impacted by a number of issues.
The first was the pandemic that affected supply chains, the number of ports open and overall turnover. The business had also faced cost inflation in all its operating regions, as well as significant rises in shipping costs and continued supply chain issues.
Jupiter had refinanced amid such challenges earlier this year, but after persistent cashflow problems, the company entered insolvency in September this year, with Tim Bateson and Chris Pole from Interpath Advisory in London appointed joint administrators.
As the administrators look for a solution for the business, including sales of Jupiter’s assets, they have appointed CAPA to begin the business rates audits.
This will see CAPA’s Audit team deploying bespoke software to conduct forensic audits of payments to local authorities among the various large sites the company operated.
The team will look to identify any anomalies or errors before recovering any overspend for the creditors Jupiter, boosting the overall returns for creditors.
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Leonard Curtis appoints CAPA on vape retailer after pandemic takes toll
Find out moreThe administrators of a vape retailer have instructed CAPA to conduct audits on 10 regional sites operated by the business, after a long tail-end of the pandemic’s effects hit its turnover for two years.
Leonard Curtis Business Rescue and Recovery, the corporate restructuring firm, appointed CAPA to undertake rates audits on Fast Fuse Ltd, which traded as Barracuda Vape, to help generate returns to creditors after the retailer entered insolvency.
With e-cigarette stores operating on various high streets in Wales and across the south west of England, the business had been severely affected by the pandemic and continued restrictions during lockdown.
