The administrators who saved jobs at a chain of bowling and entertainment centres have instructed CAPA to audit sites the company traded from, to help boost further returns for creditors.
BDO has instructed CAPA to conduct rates audits on a range of locations occupied by All Star Leisure Group, which operates 10-pin bowling centres and American-themed restaurants across various London sites and in Manchester.
The business had previously embarked on a major expansion in the north of England and Scotland with a central head office infrastructure. In 2018 however, this plan was suspended and a new purchaser of the company was sought.
At the same time that a sufficient purchase price could not be found, the All Star Leisure Group wracked up significant amounts of outstanding debt owed to HMRC and a major bank.
Ultimately the business entered insolvency and in September 2019, Lee Causer and Neville Side of BDO, were appointed joint administrators. The administrators managed however to rescue the company and save the jobs of all employees at the group by selling the business and its assets to a third party.
As the administration has continued on the company’s remaining assets, with secured creditors to get a full return on what’s owed, the administrators have appointed CAPA to conduct the rates audits on eight sites occupied by the group.
The team will undertake a forensic analysis of business rates outgoings through the outlets, using bespoke software to interrogate data on expenditure to the local authorities.
The team will inspect the information to discover any errors and anomalies, before recovering any overpaid sums for the creditors.