The liquidators of a bakery chain have called in CAPA to help maximise returns for the company’s creditors.
CAPA will be conducting a full property audit of all sums paid out across sites run by The Lands End Pasty Company Ltd, whose registered office was previously in Eastleigh, Hampshire.
As recently as 2017, the chain was on the verge of opening several new outlets in and around London, and a new distribution centre, but more recently the small business had amassed significant debts, which included large amounts owed to Network Rail infrastructure and London Underground.
After the business encountered financial problems, Neil Bennett and Andrew John, of Leonard Curtis Business Rescue and Recovery, were appointed liquidators on March 14, when the company entered a creditors voluntary liquidation.
They have now instructed CAPA to conduct the full property audits at every site, meaning CAPA’s audit team will use bespoke software to carry out a forensic audit of all sums paid out at the locations.
The team will inspect every piece of data related to rents, service charges, energy and water bills, insurance and rates paid out to all local authorities.
The auditors will look to uncover any errors, anomalies and overpayments, enabling them to recover amounts for the creditors of The Lands End Pasty Company.