Stationery and greetings card retailer Paperchase has appointed CAPA to conduct a series of audits on its properties and outgoing invoices, as the British retailer seeks to generate savings across its chain of stores.
The business has instructed CAPA to undertake full property and accounts payable audits on a portfolio that includes over 100 locations, as it looks to identify and recover savings that would otherwise remain hidden in a company-wide cost base.
An established presence on Britain’s high streets for more than 50 years, Paperchase operates as a retailer of greeting cards, wrap, gifts and stationery from over 100 sites across the UK.
American Golf, the largest golf retailer in Europe, has appointed CAPA to undertake audits on its vast portfolio of stores around the UK, as the company looks to generate savings.
The retailer, which operates 93 stores in the UK and Republic of Ireland, has called on CAPA’s Audit team to conduct forensic audits of property costs to identify potentially large savings that would otherwise remain undiscovered.
Like other high street chains, American Golf endured acute challenges during Covid-19 but it still managed to turn an operating profit in the year to January 2021 – even when it had endured forced closures during the pandemic.
Bodycare Stores, the health and beauty retailer that has traded for more than 50 years, has called in CAPA to help it make savings across 164 sites it trades from.
The retail chain was launched in 1970 by Graham and Margaret Blackledge on a market stall in Skelmersdale, Lancashire, and has been an established presence across many high streets in the five decades since its incorporation.
As the main business of its parent company, G.R. and M.M. Blackledge Plc, Bodycare had been affected by the pandemic in the past two years but it is now growing its online offering.
The parent business has also been considering its strategic options since 2021 with a view to growing the business and improving its financial results.
DFS, the UK’s market-leading retailer of living room and upholstered furniture, has agreed a partnership with CAPA to explore potential savings throughout its large property portfolio.
The retailer has instructed CAPA to conduct audits on 220 sites that DFS occupied across its vast network of stores and offices.
With a major presence in shopping centres around the country, DFS has recently seen its annual revenues increase more than 8% to £1.1bn, for the 12 months to June 26 this year, with pre-tax profits hitting over £60mn for the same period.
CAPA will be attending the TMA UK 21st Birthday Party on Wednesday 23rd November. #tma #birthday #event https://tma-uk.org/events/detail/tma-uk-coming-of-age
Fashion retailer Jigsaw has instructed CAPA to conduct audits on its network of more than 50 stores and office locations, as it looks to generate potentially vast savings across its portfolio.
The company has appointed CAPA to undertake business rates audits on 51 sites it trades from, joining a growing roster of retail clients partnering with CAPA to identify savings across their operations.
Having traded for more than 50 years, Jigsaw still operates in prime high street locations around the UK, Ireland, Holland and Australia.
The company recently returned to profitability after a period of restructuring and investment in its stores and online proposition.
The administrators of a national roofing contractor have instructed CAPA to conduct audits on more than 20 sites the business traded from, after they secured an 11th hour rescue of parts of the company via a sale process.
As administrators of Avonside Services Group - a business that originally formed in 1987 and employed around 350 staff - Begbies Traynor was able to secure the future of nine Avonside Roofing branches, preserving 79 jobs via an administration sale to an industry buyer.
After the last-minute rescue process, Begbies Traynor has now instructed CAPA to conduct rates audits on 23 sites that Avonside occupied.
CAPA are delighted to be attending the SPG Forum from 2-4th November 2022. We will also be sponsoring the prestigious golf event that will take place on 2nd November at Belfry Hotel & Resort, the spiritual home of The Ryder Cup, after hosting the event four times previously.
The SPG Forum (which stands for Smaller Practices Group) will explore the big issues facing the profession in these challenging times.
CAPA are delighted to be attending the R3 Business lunch on October 7th at the Royal Lancaster London for a day of networking with colleagues from all areas of the insolvency and restructuring community and great laughs with comedian and host Matt Forde.