Administrators who saved the jobs of more than half the workforce at an insolvent facilities management firm have instructed CAPA to audit sites the firm occupied.
As administrators of Clarendon Enterprise Centre, Leonard Curtis Business Rescue and Recovery managed to secure the future of the company through a sale to a connected party, via a pre-pack administration.
Leonard Curtis has since instructed CAPA to conduct rates audits on 13 offices the company traded from.
Clarendon had been profitable until 2020, turning a profit of more than £1.2m and a turnover of nearly £11.5m for 2019, but since the pandemic began several factors impacted the business.
Some clients entered insolvency just as revenues started to deplete. This prolonged situation led to mounting liabilities and by July last year, Mike Dillon and Andrew Poxon were appointed as administrators. The pre-pack administration they managed secured more than 20 jobs at the business.
In their efforts to boost recoveries for Clarendon’s creditors, the administrators instructed CAPA to conduct rates audits on the 13 sites.
This means CAPA’s Audit team will now use bespoke software for a forensic analysis of business rates costs paid across those properties to local authorities.
The auditors will interrogate the data to uncover any anomalies or errors, before recovering any overpaid sums for the creditors, on a no-win, no-fee basis.