The administrators of The Handmade Burger Co. have appointed CAPA to audit the business, as over-capacity across the casual dining sector triggered another insolvency.
Leonard Curtis Business Rescue & Recovery has instructed CAPA to undertake a rates audit at nearly 20 properties the restaurant chain traded from and occupied, after the company entered administration.
After a significantly challenging trading period of around four years for most restaurant operators, The Handmade Burger Co. suffered particularly due to over-capacity across the market, leading to a halving of sales during 2019 compared to previous years, and a withdrawal of support from a secured creditor.
David Griffiths, Conrad Beighton and Paul Masters of Leonard Curtis Business Rescue & Recovery were appointed joint administrators of the business in January this year. This was also the second time the business had entered insolvency, having previously been bought out of administration in July 2017.
Leonard Curtis has now instructed CAPA, which means CAPA’s Audit team will use bespoke software to carry out a forensic analysis of rates paid out at 19 outlets the business was operating from. The team will inspect the data to uncover and identify all anomalies or errors, before recovering any overpaid sums for the restaurant chain’s creditors.