Click on the logos for more information
"We have involved the CAPA team on both the Jessops and Phones4U administrations where they have brought to bear their skills and experience to generate significant additional recoveries for the stakeholders, a great result in both cases."
"I was interested in CAPA's point of difference, in that it works for tenants only. In completing 390 landlord negotiations I would say that CAPA's performance has been excellent, with very good results achieved."
Our Latest News
The administrators who rescued a high street fashion chain from insolvency have appointed CAPA to audit more than 80 of the company’s stores.
KPMG instructed CAPA after completing a sale of Kast Retail Ltd (KRL) – a subsidiary of AIM-listed fashion retailer Quiz – in a move that safeguarded more than 800 jobs.
Headquartered in Glasgow, KRL operated 82 Quiz Clothing leasehold retail stores across the UK and Ireland.
Like other high street fashion retailers, KRL had experienced trading difficulties including falling footfall, declining average customer spend and rising operating costs. Earlier this year the group closed all KRL stores, with the majority of staff placed on furlough.
The administrators of Bensons for Beds and Harveys furniture stores have instructed CAPA’s audit and property divisions to help them save and recover cash through the restructuring process.
CAPA’s audit team will undertake full property and accounts payable audits across both companies, while the property team holds negotiations with landlords to agree temporary occupational terms on Harveys stores, as PwC markets the business.
The two retailers were part of a group which had been posting revenues of more than £600m, but they had this year faced severe trading conditions which affected Harveys in particular. This resulted in cash flow pressures, exacerbated by the effects of coronavirus on the supply chain and customer sales.
The administrators of Café Rouge and Bella Italia have appointed CAPA to conduct full audits on more than 250 restaurants and properties occupied by the chains.
CAPA will be undertaking a large-scale audit of accounts payable data across the company, as well as audits of all property costs throughout each of the restaurants, after the business recovery firm AlixPartners was appointed to the chains’ owner, Casual Dining Group.
This marks the latest of CAPA’s many appointments to audit dining chains with sites around the country, after the Audit team was recently instructed on The Handmade Burger Co, and WrapChic, and others during the past year.
CAPA is delighted to be sponsoring the Turnaround, Restructuring & Insolvency (TRI) Awards for the 13th consecutive year, organised by Shard Financial Media.
The TRI Awards has championed the firms, teams and individuals who are beacons of best practice in the field of business turnaround, corporate restructuring, corporate insolvency and the funding of business recovery. The independent awards panel comprises restructuring professionals from the UK’s largest banks, turnaround practitioners, insolvency practitioners, funders, regulators and the country’s foremost legal experts.