The board of Hotter Shoes, the national shoe retailer with 64 outlets around the country, has called in CAPA to undertake a full property audit and provide strategic advice going forward.
The Audit team will use bespoke software to interrogate all data related to business rates paid to local authorities, as well as service charges, insurance and utilities.
CAPA will also inspect all accounts payable information, across all of the 64 sites, and seek to identify any anomalies or errors.
Any overspend by Hotter will be uncovered by CAPA and recoveries paid back to the retailer.
The instruction is one of many ‘live audits’ CAPA is conducting for household brands, which include McDonalds and Jollyes – the pet store and services chain.
Major brands with a large portfolio of sites frequently instruct CAPA to find ways to recover cash that would otherwise remain undiscovered – in property, invoice data, business rates and other costs.