The administrators of a Leeds-based marketing agency used by major national clients have appointed CAPA to conduct audits of sites the firm traded from.
Corporate advisory and restructuring firm Mazars has appointed CAPA to undertake audits on Banana Kick, which counted among its clients Leeds United Football Club, the Grand National organisers, sports retailer Decathlon and national railway providers.
The agency had built up its client base steadily since it was set up in 2008, and was known for its contributions to cultural and family activities offered in Leeds city centre.
In recent years the company’s debt levels had increased significantly, while it was also heavily affected by the pandemic as demand for experiential-related services stopped, and clients scaled back their work with the company.
In the end Julien Irving and Patrick Lannagan of Mazars were appointed administrators of Banana Kick on December 15 and have since looked to realise the value of assets for the company’s creditors.
They have now instructed CAPA conduct rates audits, which means CAPA’s Audit team will now undertake a forensic inspection of rates paid to local authorities at every site Banana Kick occupied.
The team will use bespoke software to interrogate the payments, to establish if there are any anomalies, errors and overpayments to the authorities.
They will then recover overpaid sums, on a no-win, no-fee basis, to boost overall returns to creditors.