Wilko, the hardware retailer with hundreds of outlets around the UK, has appointed CAPA to conduct audits across 460 of its properties.
A retailer of various home products including furniture, fixings, security devices, bathroom goods and garden items, Wilko has been trading through a vast network of sites for more than 85 years.
It is now seeking to make potentially huge savings across those locations by appointing CAPA for a range of services. As part of this overall plan, the retailer has instructed CAPA to conduct full property and accounts payable audits across the 460 sites, meaning the team will use bespoke software to inspect scores of data for outgoing costs through each location.
The team will undertake a forensic inspection of utility bills, rates, service charges and all other costs related to the properties. The team will look to discover any anomalies or errors in this data that enables them to recover hidden pots of cash for Wilko.
The Audit team will carry out the same job on accounts payable information on outgoing costs through the sites. They will seek to discover errors in invoice data that subsequently allow for further sums to be recovered.
This instruction follows Wilko’s engagement with CAPA’s Property team, to right-size its store portfolio.
Through a series of lease restructuring, store relocations and part disposals, the Property team will seek to trim excessive or unused space across the 400-site estate over a three-year period.