The liquidators of a design agency, whose client base spanned the NHS and Michelin-starred restaurants, have instructed CAPA to help boost recoveries for creditors.
CAPA will be auditing rates paid out at all properties across Visualize Ltd, based in Leyland, Lancashire, after the company entered liquidation in May. The agency had been one of the country’s leading providers of digital signage, TV commercial and social media marketing services.
Visualize’s clients included national leisure centres, grand theatres and fine dining restaurants, but the business had suffered significant financial problems in the past two years, with debts accruing in 2017 and 2018, while profits declined.
Ultimately the firm entered voluntary liquidation in May 2019, with Craig Johns, Jason Elliott and Nick Brierley, of Cowgill Holloway Business Recovery, based in Manchester, appointed joint liquidators.
Cowgill has now instructed CAPA to conduct the rates audit, meaning CAPA’s Audit team will inspect the business rates paid out across the group. The team will use bespoke software to conduct a forensic analysis of the data to identify any errors or overspend.
The Audit team will then recover any overpayments for the liquidators, to fuel the overall recoveries for creditors.