The administrators who rescued the operator of Burger King outlets around the country have appointed CAPA to conduct rates audits on the sites it traded from.
Moore Kingston Smith, the business advisory firm, called in CAPA after saving the catering firm Powerbanks in 2020 by selling it out of administration to Karali Leisure, another restaurant franchise operator.
Powerbanks had been enduring financial problems before the pandemic, due to costs related to an acquisition and changes in the behaviour of consumers - who began to choose healthier eating options.
In the end Ian Robert and Ryan Davies from Moore Kingston Smith were appointed administrators in May 2020, but they were able to sell the business immediately to Karali via a pre-pack administration.
They have now instructed CAPA, meaning CAPA’s Audit team will now use bespoke software to inspect all information related to business rates paid out at Burger King and other sites the company traded from. The will interrogate the data to discover any errors or anomalies, before recovering ‘overspend’ for the creditors of the entire group.
