The administrators of a construction firm that once had a major presence in the north west of England have appointed CAPA to audit sites the business traded from.
KPMG has instructed CAPA to conduct a rates audit on various sites previously occupied by Cruden Group, headquartered in greater Manchester, after the pandemic left the business unable to recover from a series of financial problems.
After their appointment as administrators KPMG announced that the coronavirus crisis had been the "last straw" for the Warrington company after it lost contracts and costs piled up.
Howard Smith and David Costley-Wood, formerly partners at KPMG who are now at Interpath Advisory, the corporate restructuring firm, were appointed joint administrators of Cruden Group Ltd, Cruden Construction Ltd and Cruden Property Services last year.
Months after they were appointed, the administrators instructed CAPA to conduct the rates audit, meaning CAPA’s Audit team were called into deploy a forensic analysis of business rates paid out at sites Cruden occupied.
Using bespoke software, the team analysed the data to detect any errors or anomalies, before recovering any overpaid sums for the creditors of Cruden.