• CAPA instructed on over 50 outlets of Shuropody

    CAPA has been appointed to audit 51 sites occupied by Shuropody, the UK’s largest private provider of chiropody and podiatry services.

    The ‘live audit’ has been instructed by the board of the national chain, which operates more than 100 podiatry clinics across 50 stores and serves more than 300,000 patients around the UK.

    The outlets are operated by a company that previously bought assets of Shuropody out of administration, saving a number of jobs in the process and keeping the business trading.

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  • Interpath instructs CAPA on global grocery firm Jupiter

    Interpath Advisory, the corporate restructuring and insolvency firm, has appointed CAPA to carry out audits on a global grocery company that supplied major supermarkets such as Tesco, Lidl and Asda.

    As administrators of Jupiter Marketing Ltd, a national producer and distributor of fruit and vegetables that is now insolvent, Interpath has instructed CAPA to conduct rates audits on sites the firm traded from.

    Jupiter was founded around 20 years ago with the aim to become the world’s most transparent fresh produce business.

    The company had traded successfully for many years and more recently had amassed a worldwide customer base, having completed an acquisition trail of companies in South Africa, Spain, Holland and other territories.

    Jupiter also had partnerships in India, northern Europe, Greece and South America that enabled an expansive offering of produce.

    In the past two years however the business had been impacted by a number of issues.

    The first was the pandemic that affected supply chains, the number of ports open and overall turnover. The business had also faced cost inflation in all its operating regions, as well as significant rises in shipping costs and continued supply chain issues.

    Jupiter had refinanced amid such challenges earlier this year, but after persistent cashflow problems, the company entered insolvency in September this year, with Tim Bateson and Chris Pole from Interpath Advisory in London appointed joint administrators.

    As the administrators look for a solution for the business, including sales of Jupiter’s assets, they have appointed CAPA to begin the business rates audits.

    This will see CAPA’s Audit team deploying bespoke software to conduct forensic audits of payments to local authorities among the various large sites the company operated.

    The team will look to identify any anomalies or errors before recovering any overspend for the creditors Jupiter, boosting the overall returns for creditors.

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  • Leonard Curtis appoints CAPA on vape retailer after pandemic takes toll

    The administrators of a vape retailer have instructed CAPA to conduct audits on 10 regional sites operated by the business, after a long tail-end of the pandemic’s effects hit its turnover for two years.

    Leonard Curtis Business Rescue and Recovery, the corporate restructuring firm, appointed CAPA to undertake rates audits on Fast Fuse Ltd, which traded as Barracuda Vape, to help generate returns to creditors after the retailer entered insolvency.

    With e-cigarette stores operating on various high streets in Wales and across the south west of England, the business had been severely affected by the pandemic and continued restrictions during lockdown.

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  • CAPA are pleased to be retained by The Original Factory Shop

    CAPA are pleased to be retained by The Original Factory Shop. Please contact James Ratcliffe - James@capa.uk.com or Mike Sheath - mike@capa.uk.com if you have any suitable opportunities.

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  • CAPA appointed on global wholesale trader

    The administrators of a wholesaler that managed logistics for personal care goods, that traded with clients in the Middle East, Africa, the USA and Europe, has instructed CAPA to audit the firm’s vast warehouses.

    As the administrators of Excel Trading Group, MHA MacIntyre Hudson has instructed CAPA to carry out rates audits on the huge warehouses and other sites that the wholesaler traded from, to help boost recoveries for creditors.

    Formerly based in Bolton, Excel Trading Group specialised in the trading of personal care and household products, such as soaps, shampoos, other bathroom items and cleaning products. Its market reach spanned the globe, with trading partners of household brands also spread across Asia and South America, as well as the middle eastern and western markets.

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  • Begbies Traynor instructs CAPA after saving over 70 jobs at motor repair chain

    The administrators who saved a motor repair chain from collapse, after it was hit by a lack of trade during the pandemic, have appointed CAPA to audit sites where the business traded to recover further funds.

    Begbies Traynor rescued Crossleys Accident Repair Centre earlier in 2022 by managing a sale of the business to a connected third party. The process involved a pre-pack administration that saved more than 70 jobs at the firm.

    After it began trading in 1997 in the north west of England, the auto repair specialist developed into a successful business, reporting profits in the accounts every year up until 2020, when the pandemic took hold.

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  • BDO appoints CAPA after rescue of bowling centre chain

    The administrators who saved jobs at a chain of bowling and entertainment centres have instructed CAPA to audit sites the company traded from, to help boost further returns for creditors.

    BDO has instructed CAPA to conduct rates audits on a range of locations occupied by All Star Leisure Group, which operates 10-pin bowling centres and American-themed restaurants across various London sites and in Manchester.

    The business had previously embarked on a major expansion in the north of England and Scotland with a central head office infrastructure. In 2018 however, this plan was suspended and a new purchaser of the company was sought.

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  • MHA Macintyre Hudson appoints CAPA on building supplier hit by pandemic

    The administrators of a specialist in the sales, distribution and disposal of construction supplies have instructed CAPA to audit sites the business traded from.

    CAPA will be conducting rates audits on Kent-based Ardula Ltd, which had traded successfully for more than two decades, but during 2020 and 2021 the business had amassed debts owed to trade creditors, hire purchase contractors and via tax.

    At the same time the business was hit by the absence of trading during the pandemic and was subsequently affected by the effects of inflation.

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  • CAPA appointed on renewable energy specialist

    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.

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  • Carter Clark instructs CAPA on over 70 appointments

    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.

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