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, leisure operators, banks and venture capitalists.
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Second Home Ltd (in admin)
Coworking company Second Home has entered administration, and is due to undergo a management buyout. Founded in 2014 by Rohan Silva, a policy advisor to former UK prime minister David Cameron, Second Home appointed administrators on December 7th after a troubled few years.
Administrators FRP have appointed CAPA to undertake a rates audit over the 5 properties occupied by the business.
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Caledonian Logistics Ltd (in admin)
Caledonian Logistics has called in the administrators just two years after being acquired by Staffordshire-based company Drac Logistics.
The company blamed ‘challenging trading’ conditions and a lack of funding support from its parent company.
Caledonian Logistics employs around 130 staff and has an operating licence for 80 trucks and 103 trailers. The Palletways member has depots in Inverness, Cumbernauld, Oldmeldrum and Kintore.
Joint administrators Donald McNaught and Graeme Bain of Glasgow-based accountancy firm Johnston Carmichael were appointed by Caledonian Logistics on 28 November.
A spokesperson for Johnston Carmichael confirmed the appointment of the joint administrators and added: “This follows a period of challenging trading after the company was acquired in October 2022 which was subsidised by its parent company.
Johnston Carmichael have appointed CAPA to carry out a property audit over the depots occupied by the company.
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The 500 Club starts another year of networking
The 500 Club kicks off another year of networking starting off with North Westward Ho in Manchester on Thursday 6th February.
With ourselves, Asertis Ltd and ESA Risk as co-hosts alongside other likeminded professionals across the legal, finance, insolvency and related industries.
We're expecting a great turn out for this one, so if you'd like to join us, please let us know at events@the500club.co.uk -
LBK Insolvency Solutions Ltd
LBK Insolvency have instructed CAPA to carry out property audits over 20 cases this week.
A big thank you to Sam Shepherd and his team for these instructions which hopefully will provide lots of recoveries.
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Steller Systems Ltd (in admin)
A leading independent consultancy specialising in Naval Architecture and Marine Engineering based in Gloucestershire and Southampton has entered into administration. Administrators from FRP have been appointed and instructed CAPA to carry out a review of the 3 properties occupied by the business.
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Perdixperdix Ltd t/a Cuckoos Bakery (in CVL)
Middlebrook business recovery have appointed CAPA to carry out a rates audit over the 4 properties occupied by the Edinburgh bakers trading as Cuckoos Bakery.
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Kitchen 77 Ltd (CVL)
Robb Advisory has appointed CAPA to carry out a rates audit over restaurant chain Kitchen 77 Ltd which operated from 5 sites in Scotland Including "Stailinn" "in Silverburn Glasgow, and "Arthur Street Kitchen", "Hollybush Inn", "The Stage Door Cafe "and the "Drunken Coo Steakhouse", all in Ayrshire.
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Platform Nine Ltd (in admin)
Founded in 2016, Platform Nine (which traded as PLATF9RM) was a brand within Brighton and Hove, known for its creative and community-focused approach. Its premises include coworking and office accommodation and meeting rooms, with a café and events space, which aimed to provide creative professionals, artists and entrepreneurs a space to collaborate and thrive within.
Quantuma's Sean Bucknall and Elias Paourou were appointed as joint administrators of Platform Nine in the final week of December 2024. With the assistance of solicitors from DMH Stallard, the experts quickly completed a sale to Freedom Works – a company with experience in the office space sector in the region.
CAPA have been appointed by the administrators to carry out a full property over the eight locations occupied by the business.
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Merry Christmas and Happy New Year!
Everyone at CAPA would like to wish you and your family a very Merry Christmas and a Prosperous New Year in 2025!
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HHGL Limited and Hampden Group Limited T/A Homebase
On 13 November 2024 HHGL Limited and Hampden Group Limited, operating under the brand Homebase, entered administration Gavin Park, Gavin Maher and Adele Macleod of Teneo Financial Advisory Limited were appointed as Joint Administrators. Homebase has 3600 employees and 133 stores across the UK.
CDS Superstores, which owns homeware retailer The Range, has bought 70 stores, saving around 1,600 jobs. It said that these will continue to trade as Homebase stores "over the next couple of months" before reopening as The Range stores.
Teneo said it's seeking a buyer for Homebase's remaining 49 stores.
CAPA have been appointed to carry out a full property audit over 147 sites throughout the UK.
CAPA Director Tony Sweeney advised - "It's great to be working again with Teneo on such an important retail portfolio".