Carter Clark, the debt advisory and corporate restructuring firm, has instructed CAPA on more than 70 audits in one month, as the company looks to boost returns to creditors across multiple cases.

Based in Ilford, Essex, Carter Clark offers a range of corporate rescue solutions to business including debt advisory services on funding options for organisations facing financial distress.

It is headed up by partners Alan Carter and Gary Clark, whose combined experience spans more than 50 years in insolvency and restructuring.

Carter Clark has recently partnered with CAPA on a variety of cases, giving the firm instructions on insolvent businesses operating in transport, aviation, casual dining, retail, logistics and several other sectors.

Many of these cases involved creditors voluntary liquidations, where Carter Clark has appointed CAPA to identify where recoveries can be maximised for creditors.

On these cases CAPA’s audit team have deployed bespoke software to conduct forensic audits of costs paid via utility bills, property charges and fees, invoices paid to other companies and outlays through business rates.

The team will look to identify any anomalies or errors before recovering any overspend for the creditors of the firms in liquidation, boosting the overall returns for creditors, on a no-win, no-fee basis.