A London-based courier business that counts 156 years of mobilising goods across the capital has instructed CAPA to help find savings across the firm.
Mach 1 Couriers, which trades as Absolutely, was founded in 1865, when the company began transporting clients and parcels by horse drawn carriage around London.
Despite the lockdown and only brief lifting of restrictions through 2020, the business still managed to post an EBITDA of £1.1m for the year, only a marginal drop from the year before.
As the business emerges profitably from the pandemic and looks to continue to control costs, Mach 1 has instructed CAPA to conduct rates and property audits.
This means CAPA’s teams will be interrogating data related to utility bills, service management charges, other property costs related to buildings as well as rates paid to local authorities, across five major London locations.
The team will use bespoke software to undertake a forensic inspection of the outgoings, looking to spot any anomalies or errors. The auditors will then recover any overpaid sums for Mach 1.
The instruction marks one of CAPA’s many ‘live’ appointments, where the team is called in to help a thriving business make large savings and where possible, generate and recover cash from overpayments.
CAPA’s team has undertaken this successfully for clients including McDonald’s, Five Guys and Co-op.