Lucas Ross, the new business rescue, recovery and insolvency firm, has instructed CAPA on more than 25 cases, forging a partnership to help save and recover funds for businesses.
Based in Manchester, Lucas Ross specialises in helping company directors, sole traders, and individuals overcome a range of financial concerns.
The business provides a range of services around disputes, fraud investigations, restructuring, crisis management, creditor advisory and regulatory advisory services.
The company recently appointed CAPA on the 25 instructions in the space of a week, requesting the expertise of CAPA’s Audit team to use bespoke software to conduct audits on SMEs in various sectors.
These included audits of businesses in members voluntary liquidation or creditors voluntary liquidation processes.
CAPA’s team have assisted Lucas Ross in generating recoveries for creditors of these companies, which operated in a multitude of industries including casual dining, auto repairs, food supply chains, electrical supplies, finance and engineering, as well as architects and environmental charities.
CAPA’s auditors have assisted Lucas Ross by interrogating the data on invoices, utility bills, property service charges and business rates paid by these insolvent firms. The team has looked to identify any anomalies or errors before recovering any overspend for the creditors of these companies, boosting the overall returns for creditors, on a no-win, no-fee basis.