The administrators of Carluccio’s have appointed CAPA to audit invoices across the café and deli chain’s accounts, after the café and deli chain was saved in a rescue deal.
Administrators at FRP Advisory appointed CAPA after completing the sale of Carluccio’s to Boparan Restaurant Group (BRG) in a transaction that transferred and therefore safeguarded more than 800 jobs.
Following a marketing process, the Carluccio’s brand and 30 sites in the UK were acquired by BRG which houses well-known brands including Giraffe and Ed’s Easy Diner.
The lockdown had put intense pressure on Carluccio’s network of more than 70 outlets around the country. The business had already been suffering financial problems before the pandemic, and in the end Geoff Rowley and Phil Reynolds, both partners at FRP, were appointed joint administrators on March 30 2020.
They have since instructed CAPA to conduct an audit of accounts payable data, meaning the team will use bespoke software to inspect information on invoices, as well as costs related to service charges and utility costs.
The auditors will look to identify any errors or overspend, before recovering any overpayments for the creditors of Carluccio’s.