The administrators of a popcorn manufacturer that supplied 90% of the UK’s cinema industry have instructed CAPA to audit the business.
CAPA will be conducting a rates audit at Thomas Tucker, a Nottinghamshire-based independent provider of snacks to supermarkets as well as cinema chains across the entire country, after it entered insolvency.
The company, which traded under the Tommy Tucker brand and employed more than 100 staff, had been a well-known business having supplied cinemas for nearly 30 years. In the year leading up to September 2019, the business had been suffering financial difficulties for various reasons, including a product recall.
Ultimately, Adam Harris and Patrick Lannagan, of the insolvency and business recovery firm Mazars, were appointed joint administrators of the company on September 23 2019.
They subsequently instructed CAPA to conduct the rates audit, meaning CAPA’s Audit team will now use bespoke software to carry out a forensic audit of all data related to rates paid out at the eight properties Tommy Tucker operated from.
The team will look to identify any errors or anomalies in the data, before recovering any overspend for the creditors.