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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.

  • CAPA at The Credit Awards 2018

    CAPA were delighted to attend The Credit Awards 2018 on May 17th at Grosvenor House Hotel, Mayfair as guests of Shard Media Group. You can find the list of the winners here. 

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  • Ace in the hole: TRI Golf Day winner revealed

    As sponsor of Credit Strategy’s inaugural TRI Golf Day, CAPA can now reveal the best performing players who hit their peak at the championship course at Foxhills Golf Club.

    An invite-only event, held at the prestigious course in Surrey on May 9, the TRI Golf Day saw the turnaround, restructuring and insolvency profession’s elite players teeing off against each other.

    Foxhills, based in the heart of the English countryside, is home to an 18-hole Top 100 ranked Longcross Course. The day was hosted by Credit Strategy, organisers of the annual Turnaround, Restructuring and Insolvency (TRI) Awards, for which CAPA is also headline sponsor.

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  • CAPA to maximise returns for creditors of video game chain

    Administrators of Grainger Games Ltd, the nationwide chain of video game stores, have instructed CAPA to undertake a rates audit of 69 properties at the company.

    Newcastle-based Grainger, the UK’s leading independent specialist retailer of video game consoles, software, accessories and merchandise, entered administration on April 4 2018.

    The company, which also trades in, sells and repairs smartphones, tablets and digital cameras, was a household name in the gaming world with nearly 70 stores across the country, but it had faced challenging trading conditions during the past year. Like other businesses across the UK games retail market, the company’s margins had come under pressure. A recent cut to its supplier credit limits had also caused significant operational challenges.

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  • EY calls in CAPA for rates audit

    EY, the global advisory and accountancy firm, has instructed CAPA to conduct a rates and accounts payable audit across 28 sites at T.O.M. Group Ltd, the vehicle rental company in administration.

    Colin Dempster and Fiona Taylor of EY’s restructuring team were appointed administrators of T.O.M. Group along with its Scottish subsidiaries, T.O.M. Vehicle Rental Ltd and Caledonian Truck & Van Ltd, in March.

    The group had suffered operational difficulties and liquidity problems in recent years. This was reflected in low usage of the company’s rental vehicles, as a result of a competitive market, and changing customer preferences. These circumstances led to very challenging trading conditions and losses in recent months.

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  • CAPA to dig up sums for national garden centre chain

    CAPA has been called in for a property audit at Home & Garden, the national chain of garden centres that folded after the ‘beast from the East’ turned shoppers away.

    H&G (Retail) Limited, trading as Home & Garden, entered insolvency along with its subsidiaries on March 27, when Adam Harris and Patrick Lannagan of Mazars, the international accountancy and advisory firm, were appointed as joint administrators.

    Unexpected severe weather conditions at the start of the year, which worsened when the ‘beast from the east’ hit Britain throughout March, impacted the group’s cash flow during the first quarter of 2018.

    After their appointment, the administrators have now instructed CAPA to conduct a full property audit across eight Home & Garden stores.

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  • Newsletter and Easter

    Check out our latest newsletter where you can find out about our thoughts on the year ahead and the cases we've worked on recently.

    You can sign up to our newsletter here. We send out newsletters every few months and we don't share your information with any 3rd parties. You can unsubscribe at any time.

    Thanks to Rebecca Dacre from Mazars, Milton Keynes for posting this photo on Twitter of one of the Easter hampers we sent out recently. Hope you all enjoyed your hamper if you received one and hope you had a great Easter!  

    Easter hamper

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  • Administrators of Jamie Oliver chain call in CAPA

    The administrators of Barby, the company behind Jamie Oliver’s Barbecoa restaurants, have instructed CAPA to conduct a rates, rent and service charge audit on the company’s sites in London.

    Peter Saville, Kevin Coates and Catherine Williamson of the business advisory and turnaround firm AlixPartners, were appointed as joint administrators of Barby on February 19 2018. The company operates two Barbecoa branded restaurants in the Piccadilly and St Paul’s areas of London.

    The administrators’ instruction means CAPA will now undertake a forensic analysis of rent payments across the two London eateries. The team will use bespoke software to inspect the data and uncover errors or any anomalies, that enable them to recover cash for Barby’s creditors.

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  • CAPA instructed on national fashion retailer

    CAPA has been instructed to undertake a rates and accounts payable audit of properties at East, the fashion retailer now in administration.

    Founded in 1994, East operated from 34 shops and 15 concessions in department stores across the UK, but it entered administration in January 2018 after a challenging trading environment during the final months of 2017.

    Geoff Rowley and Phil Armstrong, partners at the specialist business advisory firm FRP Advisory, were appointed as administrators on January 29 and have now instructed CAPA to conduct the audits on all 34 stores.

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  • PwC calls in CAPA after major UK wholesaler collapses

    PwC has instructed CAPA to undertake audits on nearly 60 sites at Palmer & Harvey – the wholesaler for 90,000 convenience stores – after the business entered administration.

    Palmer & Harvey was one of the UK’s largest wholesalers up until late last year.

    The company also acted as a distributor to a range of stores, from small corner shops to Britain’s biggest supermarkets, but administrators from PwC were called in last November after severe trading conditions hit the group.  

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  • CAPA helps e-cigarette company start new chapter

    CAPA is aiding the recovery of an e-cigarette company where more than 70 jobs have just been saved in a rescue deal.

     I-Vapo Ltd was rescued by restructuring specialists at Quantuma, the business advisory firm, in January 2018 after struggling with cash flow problems.

     The Cambridgeshire-based business entered administration on January 23 but within 24 hours of going into insolvency, the administrator at Quantuma Carl Jackson managed to sell the business as a going concern to a new entity set up by the directors.

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