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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PISANI PLC
Find out moreCapa have been appointed by Administrators Deloitte – London, to carry out an audit for the Derbyshire stone merchant Pisani PLC (in Administration), covering 3 showrooms throughout the UK.
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LINENS DIRECT LIMITED
Find out moreAdministrators, Begbies Traynor Group PLC have appointed Capa to carry out a property audit for home furnishings retailer Linens Direct Limited (in administration), which operated 38 outlets in the South East of England.
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VE INTERACTIVE LTD
Find out moreCapa have been appointed by Administrators Smith & Williamson to carry out a rates audit for the advertising technology company Ve Interactive Ltd (in Administration), covering 20 offices throughout London.
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GREENWICH INC. LIMITED, GREENWICH INC. TRADING LIMITED &S; GREENWICH INC. HOLDINGS LIMITED.
Find out moreLiquidators Griffins Insolvency, London, have appointed Capa to carry out a rates audit on 23 properties for the bar and restaurants management companies Greenwich Inc. Limited, Greenwich Inc.Trading Limited and Greenwich Inc. Holdings Limited (all in Liquidation). This group include Union Square, The American Sports Bar & Grill and Inc Club which were all based at the O2 Arena in London.
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ICANDY CARDS & GIFTS LTD
Find out moreFRP, Brentwood have appointed Capa to carry out a property audit for iCandy Cards & Gifts Ltd (in Administration) on its 14 properties throughout the UK. The greeting card chain was founded by the son of Clinton Card’s owner Clinton Lewis, who shares the same name, back in November 2012.
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99P STORES LIMITED
Find out moreCAPA to audit 250 stores on discount chain
CAPA has been instructed to audit nearly 250 stores across discount chain 99p Stores Limited, which is now in administration.
Alix Partners, the corporate restructuring and turnaround specialist, was appointed as administrators of 99p Stores in March, following a decision by the discount chain's owner, Poundland. Poundland acquired the company back in 2015.
Alix Partners said the appointment supports a strategic decision by Poundland Group to operate its entire retail estate under the Poundland fascia. No staff are affected by the appointment.
The administrators have now instructed CAPA to carry out a property audit on the chain, covering its 248-store portfolio.
This will involve a forensic analysis of 99p Stores' vast property outgoings and data on invoices owed to the business. CAPA’s auditors will use bespoke software to uncover multiple elements such as errors in utility bills, or ‘overspend’ by the companies on various payments. This in turn will help generate cash for the business.
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CAPA
Find out moreWorking within the Audit and Management team of Capa. Based in the Cumbernauld office you will be responsible for auditing, challenging and approving service charge invoices, budgets and reconciliations from Landlords/Managing Agents on behalf of our retail clients with large portfolios throughout the UK.
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CAPA
Find out moreCapa will be attending the Credit Today Awards on May 11th at The Grosvenor Hotel, London. Good luck to all the finalists!
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CPL FOODS LTD & MILLCLIFFE LTD (BOTH IN ADMINISTRATION)
Find out moreCapa have been appointed by Administrators Alix Partners to carry out a full property audit for CPL Foods Ltd & Millcliffe Ltd (both in administration), which operate franchises for 36 Burger King outlets, 5 Real Café, 7 El Taco, 6 Roosters, 2 Own Brands and 1 Pizza Neo outlet, covering 58 properties in total throughout the UK.
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JAEGER
Find out moreCAPA instructed on more than 50 Jaeger store leases
CAPA has been instructed by Alix Partners, the corporate restructuring and turnaround specialist, to advise them on the leasehold retail portfolio of Jaeger - the fashion brand now in administration. This comprised over 50 sites in central London and affluent market towns.
Peter Saville, Ryan Grant and Catherine Williamson of Alix Partners were appointed joint administrators of Jaeger in April, after the owner of the business, Better Capital, was unable to attract suitable offers to buy the company.
In May, Edinburgh Woollen Mill (EWM), the owner of multiple fashion brands, acquired the Jaeger brand and stock and secured a licence to occupy in order to ‘trial’ the stores.
As part of the process CAPA marketed all stores, leading to substantial premium offers and disposal of certain stores not retained by EWM.
The full list of stores can be seen on the PDF below.