The administrators of a fuel cell manufacturer have instructed CAPA to conduct audits on sites the firm operated around the country, as the business is wound down.
Begbies Traynor, the business rescue and insolvency firm, has instructed CAPA to undertake rates audits on at least six major operations where Enocell traded from.
Enocell was a fuel cell manufacturing company based out of Biocity, around Glasgow.
The company developed an innovative adaptation for low temperature fuel cell modules that produced energy in a very simple way. The Enocell fuel cell became a highly-cost effective sustainable solution that provided multiple uses for consumers, but was also used in lighting towers and remote monitoring systems nationwide.
Enocell was however beset by financial problems in the period leading up to February this year, with partners from Begbies Traynor appointed as liquidators in that month.
They have now instructed CAPA to undertake the rates audits, meaning CAPA’s Audit team will use bespoke software to carry out a forensic probe into payments to local authorities at the sites Enocell traded from.
They will look to identify any anomalies, errors or overspend, before recovering any overpayments for the creditors.