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"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."
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CAPA has been appointed to audit a number of café chains around the country, including a start-up that made national headlines, as the pandemic rendered business models unworkable during the past year.
One of CAPA’s instructions is from Smith Cooper, the accountancy and corporate restructuring firm, to conduct audits of Cereal Killer Café Ltd, the chain that operated in two London sites – Camden and Shoreditch – and others across the middle east.
The business became famous for offering cereals from the UK and around the world, past and present, and made headlines for its unique offering. A local protest over its prices in a gentrified area also gained attention from broadcasters and national newspapers in 2019.
Five Guys, the American burger chain that has become a staple of Britain’s high streets and shopping centres, has instructed CAPA to conduct nationwide audits of its restaurants.
CAPA will be conducting full property and accounts payable audits on 150 sites the franchise trades from, as Five Guys looks to make savings from its vast portfolio of restaurants around the country.
Five Guys remains one of the major success stories in the UK casual dining market in recent years. Having originally launched in the USA in 1986, it then launched in the UK in 2013 with a flagship venue near Covent Garden in London. After an expansion surge, the business now trades from 150 UK sites in largely prime locations.
The business has orchestrated a similar expansion globally. Some 30 years after the American Murrell family opened the first Five Guys in Virginia, there are now almost 1,500 locations worldwide and another 1,500 units in development, as at 2020.
CAPA’s director and co-founder Mike Sheath will be appearing on TRI TV on April 28, to share insights for corporate restructuring professionals on tenant and landlord relationships.
Mike’s appearance will feature in the first of Credit Strategy’s new broadcasting events for turnaround, restructuring and insolvency professionals. The first ‘TRI TV Refresh’ will host sessions from a previous broadcast, but also a live Q&A element to provide latest updates and opinions.
The TRI TV Refresh on April 28 comprises two parts: Part 1: Commercial landlord and tenant relationships during lockdown; Part 2: Evolution of restructuring through Covid: Carluccio’s to Debenhams Speaking during part one, Mike will provide insights on how turnaround and restructuring professionals can bring both commercial tenants and landlords to the negotiating table, when firms such as such retailers, dining chains, leisure operators and others face financial difficulty.
Part two features Phil Reynolds and Geoff Rowley of FRP Advisory, who will be answering questions during a live Q&A at the end of the broadcast. Tony Groom, partner and chief executive at K2 Business Partners, will be moderating the discussion.
To tune in, viewers can register here.
CAPA will be the main sponsor of this year’s R3 Annual Conference.
R3 Annual Conference 2021 will be a virtual conference held from 17-20 May. This Annual Conference will really be one to remember as for the first time in R3’s history this will be a dual President Annual Conference with Colin Haig (2020-21 R3 Presidency) and Christina Fitzgerald (2021-22 R3 Presidency) both chairing the conference.
More information on the conference can be found on R3’s website.
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.