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The liquidators of a technology provider for national rail companies have appointed CAPA to help boost recoveries for the firm’s creditors.
MacIntyre Hudson, the business advisory and corporate restructuring firm, has instructed CAPA to conduct rates audits of nine sites around the UK used by Smth Rail Signal Testers, which is now in liquidation.
The business had suffered various financial problems during the past year, having twice faced compulsory strike-off action at Companies House.
A winding up order was issued against the company in November 2021 and in January this year, the business entered liquidation with Georgina Eason and James Snowdown of MacIntyre Hudson appointed as liquidators.
Administrators who saved more than 1,600 jobs at a £400m turnover construction business have instructed CAPA to conduct audits at sites the firm operated.
Grant Thornton was called in last year as administrators to NMCN, in what was one of the largest business failures in the construction industry since the collapse of Carillion.
After agreeing three separate sales of different divisions of the company, which secured the jobs of 1,642 employees, Grant Thornton appointed CAPA to undertake rates audits of 22 sites NMCN occupied.
Administrators who saved the jobs of more than half the workforce at an insolvent facilities management firm have instructed CAPA to audit sites the firm occupied.
As administrators of Clarendon Enterprise Centre, Leonard Curtis Business Rescue and Recovery managed to secure the future of the company through a sale to a connected party, via a pre-pack administration.
Leonard Curtis has since instructed CAPA to conduct rates audits on 13 offices the company traded from.
Clarendon had been profitable until 2020, turning a profit of more than £1.2m and a turnover of nearly £11.5m for 2019, but since the pandemic began several factors impacted the business.
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 continuing to champion the outstanding achievements of corporate rescue professionals, by signing up as headline sponsor of the Turnaround, Restructuring and Insolvency (TRI) Awards for 2021.
CAPA is supporting the profession’s most prestigious awards programme, which celebrates the exceptional work and outcomes in the process of rescuing struggling businesses and saving jobs, as the economy recovers from the pandemic.
The TRI Awards marked a historic first last year in hosting a live, televisual awards ceremony in a London studio.
For 2021, as the awards programme reaches its 14th year, the TRI Awards will return as an in-person event, due to be held at the Hilton London Bankside on 9 December, capping a year in which business advisory firms have secured the futures for many businesses that have endured testing times.
The independent judging panel for the awards will again consist of corporate restructuring practitioners, lawyers, regulators, funders and other experts, all with decades of experience across the TRI space.
For more information, visit the TRI Awards website.