News
Here you can find CAPA’s latest appointments to undertake forensic audits, as well as instructions for property services from a range of blue-chip clients including retailers, insolvency practitioners, leisure operators, banks and venture capitalists.
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QUICK REACH POWERED ACCESS LTD - In Administration
Find out moreOn 8 May 2025, Michael Magnay and Gemma Quinn of Alvarez & Marsal Europe LLP were appointed as Joint Administrators of Quick Reach Powered Access Ltd.
The Manchester based Powered Access Company with a wealth of experience in the plant hire industry operated from 8 locations.
CAPA have been appointed to carry out a full property audit over the portfolio.
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CASE STUDY – RATING CONSULTANCY
Find out moreOffices – Merseyside Region
Following the company entering Administration, the operation of the business continued to trade through under the management of the Administrator. Existing tenants remained in occupation under all-inclusive rental agreements, with business rates liability continuing as an expense of the Administration. A proposal was submitted to split the assessment into occupied and vacant parts. The savings to the Administration Fund to-date exceed £250,000 and will continue until the property is sold.
If you are an Insolvency Practitioner with a similar case, please contact us for further assistance.
For more information, contact:
Nicola Hainey
Head of Business Rates
+44 (0) 7513 126 129
nicola@capa.uk.com
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The crusty cob Ltd (in admin)
Find out moreThe family-run bakery chain, The Crusty Cob, which had nine locations in Devon and Somerset, announced its closure with immediate effect. The business, operated by the Tubbs family for 55 years, attributed the closure to factors including the current state of the bakery industry, shrinking customer base, and rising costs like inflation and wage increases.
The administrators Azets have appointed CAPA to carry out an Rates audit over the portfolio.
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R3 conference Malta 2025
Find out moreCAPA are very proud to be the headline sponsor for the 4th consecutive year of this prestigious event in gorgeous sunny Malta.
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Tangelo Management Limited t/a Grange Bakers
Find out moreTangelo Management Limited trading as Grange Bakers has entered into a CVL with Leonard Curtis Recovery Ltd appointed as liquidators.
Cumbrian business Grange Bakery has closed permanently, shutting all four of its shops due to the ‘current economic climate’, according to a post on the company’s website.
It operated four shops in the region on the edge of the Lake District serving up a range of sweet and savoury baked goods ranging from sourdough to celebration cakes, pastries, and more.
CAPA will carry out a rates audit over the outlets.
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Troy UK Ltd (in admin)
Find out moreAdministrators Paul Berkovi and Mark Firmin of Alvarez & Marsal have been appointed to Troy UK Ltd the UK's largest independent network for tools and maintenance supplies.
Troy's focus was on helping its members - independent distributors of tools, maintenance and industrial supplies - go head-to-head with the national chains; empowering them to maximise their business potential via its national buying power, business support services, expertise and technology solutions.
The business was launched in Bideford, Devon in 1986, when it secured its first supplier agreement with the Dormer brand. The business established its first wholesale arm - Trojan - in 1990, and in 1998, moved to a new headquarters in Barnstaple. In 2000, Troy's supplier base expanded to include Makita and Bosch and in 2010, the business became privately owned.
By 2014, the business had over 140 members, expanding to over 200 in 2016 and more than 300 in 2018, the year in which Troy acquired rival buying group THS. Troy moved its head office to Exeter in 2019 and the following year, acquired data management company EZ-base.
Membership had increased to 350 organisations in 2022, when it acquired supplier platform Applegate. The company website states that by 2023, Troy's membership comprised of 450+ UK independent distributors of tools, maintenance and industrial supplies, with turnover of £260 million.
CAPA have been appointed to carry out a property audit over the 4 properties occupied by the company.
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Steel Dynamics Ltd (in admin)
Find out moreBlackburn based Steel Dynamics, the UK's leading stainless steel stockholder and processor, has been placed into administration.
Joint administrators Jason Bell and Philip Stephenson from Grant Thornton Manchester office have been appointed with CAPA appointed to review the NDR rates on the 4 properties occupied by the company.
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First Light Trust (in CVL)
Find out moreLiquidators Lucas Ross have been appointed liquidators over the veterans charity First Light Trust which provided vital support to veterans of the armed forces and emergency services and the local community.
CAPA have been appointed to carry out a rates review over the 5 hubs.
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Blanchford & Co Ltd (in admin)
Find out moreOxfordshire-based Blanchford Building Supplies closed down last week without warning after 87 years in business.
The business, which was a member of the NBG since 2000, operated from five branches across Oxfordshire and Buckinghamshire; in Headington, Bicester, Wallingford, Princes Risborough and Haddenham. Employing around 60 people, the business supplied building materials, timber and landscaping products to trade and retail customers.
The first branch of Blanchford & Co Ltd, trading as Blanchford Building Supplies, was opened in 1938 on Queens Street, in central Oxford, by brothers Fred, Cecil and Ronald Blanchford, but the business soon moved to Headington in east Oxford, where is was headquartered until now.
The Blanchford brothers retired in the 1950s, and were replaced by two employees who became Managing Directors. Another family was introduced into the company, which established continuity in ownership ever since.
A second store opened in the 1960s in Princes Risborough, Buckinghamshire, which hosted a kitchen & bathroom showroom alongside building supplies. In 2012, another branch opened in Wallingford, Oxfordshire - before a final store launched in Bicester.
Reading-based administrators, Tim Townley and Danny Dartnaill, of BDO, have been appointed to wind down the business. In a statement to BMN, a spokesperson for the administrators explained that "the business had been experiencing working capital constraints in recent years due in part to rising costs and general price increases.
"While efforts were made to secure a buyer for the business, this proved impossible and the directors were left with no alternative but to place the company into administration".
CAPA will carry out a property audit over the 5 properties on behalf of the administrators.
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Card Stop Limited (in CVL)
Find out moreRetailer Card Stop has entered into a CVL with MB Insolvency appointed as liquidators.
CAPA have been appointed to carry out a property audit over the 11 properties occupied by the company.