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.
CAPA appointed on yoga studio chain rescued by Quantuma
The administrators who saved a network of yoga studios have appointed CAPA to audit the premium London locations of the studios, as the business continues its recovery under new ownership.
Quantuma, the corporate restructuring, rescue and insolvency firm, has instructed CAPA to conduct rates audits on the premises where Triyoga’s studios were operated, as Quantuma looks for further ways to maximise returns to Triyoga’s creditors.
Having operated for more than 22 years, Tryioga provided yoga classes and workshops at various studios across central London, with sites located in Soho, Shoreditch, Camden, Chelsea and other affluent areas.
The company had initially been impacted by the pandemic, facing challenges in having to create contingency plans at speed for the lockdown restrictions.
FRP appoints CAPA after adult education charity closes
The administrators of an insolvent charity that provided vital adult education and community services in under-privileged areas has appointed CAPA to audit the organisation, to help generate further returns to creditors.
FRP Advisory, the corporate restructuring and insolvency firm, has instructed CAPA to conduct rates audits on Aspire Sussex - which helped hard-hit communities across West Sussex with learning courses for residents.
The charity was set up in 2021 and employed more than 180 staff in Sussex – including 101 tutors who taught in their local communities.
Interpath instructs CAPA after transformational deal with AI fashion specialist
The administrators of an AI-based online fashion chain, who orchestrated a deal to sell the retailer’s intellectual property to Marks & Spencer, have appointed CAPA to conduct audits on the business.
Interpath Advisory, the corporate restructuring and rescue firm, has instructed CAPA to carry out rates audits on premises occupied by Thread Online, a business that specialised in providing personalised clothes for customers using AI and their own stylists.
Thread Online had pursued a high-growth, high-spend strategy while it developed its AI-based technology, since its incorporation in 2012.
Resolve instructs CAPA on e-cigarette retailer’s administration
The liquidators of a nationwide retailer of e-cigarettes have instructed CAPA to undertake audits on the business, as it looks for opportunities to maximise returns to creditors.
ReSolve Business Advisory, the independent corporate restructuring and investment house, has appointed CAPA to conduct rates audits on 45 stores occupied by Slam Trading, which is now in liquidation.
Slam Trading had suffered prolonged financial problems due to the lockdown restrictions during the pandemic. The owners had tried to rebrand all stores in 2020 and opened a batch of outlets when restrictions were lifted, but after these continued to see poor sales the directors decided it was unviable for the wider business to continue trading.
RSM appoints CAPA after saving 260 jobs at Shuropody
The administrators of shoe and podiatry retailer Shuropody have appointed CAPA to conduct audits on the business, after they masterminded a last-minute deal that safeguarded 260 jobs at the chain.
RSM UK Restructuring Advisory has instructed CAPA to continue a rates audit on around 40 sites occupied by the retailer, as the corporate restructuring and rescue firm looks to boost recoveries for creditors.
CAPA had previously been instructed to audit data on business rates paid out at more than 40 properties at Shuropody, which has been in administration before and undergone two company voluntary arrangements (CVAs), as it tried to navigate tough high street trading conditions and the pandemic.
CAPA to audit 150 sites as 1,400 jobs saved at clothing retailer
The administrators who saved jobs at a clothing, footwear and garden retail group have instructed CAPA to audit 150 locations where the business traded from.
Interpath Advisory, the corporate restructuring and advisory firm, has appointed CAPA to undertake business rates audits on premises occupied by the Joules Group, after the retailer was rescued via a sale out of administration to a new owner.
The business operated in Oxfordshire, with a turnover of £200mn and more than 1,600 employees, selling its products worldwide via e-commerce platforms, as well as through 122 stores, four concessions and three franchise outlets.
FRP appoints CAPA after saving over 100 jobs at jewellery business
Administrators who managed to safeguard more than 100 jobs at a national watch and jewellery repair business have appointed CAPA to conduct major audits of the company.
FRP Advisory recently rescued the company, In-Time, by selling the business through a pre-pack administration to The Timpson Group – the retailer and repair chain that operates sites across the London underground and national railway stations.
In-Time, which has been trading since 1981, provides repair services from 38 locations across the UK. The business operates two dedicated shops as well as kiosks within a range of department stores including John Lewis and previously Debenhams.
CAPA appointed on grocery firm after more than 100 jobs saved
The administrators of the UK’s largest vegetable processing business have instructed CAPA to carry out audits on the company’s vast sites – after it became the most recent firm to succumb to the effects of high inflation.
Interpath Advisory, the corporate restructuring and business rescue experts, appointed CAPA after managing the administration of Yorkshire-based Troy Foods and securing a sale of parts of the business – a move that saved 104 jobs in the run up to Christmas.
Having traded for more than 20 years, Troy Foods had employed nearly 200 staff who worked in large leasehold sites in Leeds and Yorkshire, preparing groceries for distribution around the UK.
BDO appoints CAPA on bus company hit by inflation and pandemic
The administrators of a bus company that operated as a social enterprise have appointed CAPA to conduct audits on all sites it traded from.
BDO has appointed CAPA to undertake rates audits on HCT Group, which had provided transport and community services around the UK for more than 40 years, but fell into insolvency in 2022 due to a combination of economic factors and changing passenger behaviour.
The company had suffered a number of financial and operational challenges over an extended period.
These included reduced passenger numbers due to the pandemic, as well as operational and financial pressures as a result of a high demand for bus drivers and wage inflation, particularly in London, and rising fuel costs.
CAPA appointed on shoe retailer as administration extended
The administrators of Johnsons Shoes, a retailer that has traded for more than 50 years, have instructed CAPA to carry out audits on various stores operated by the business.
Begbies Traynor has appointed CAPA during the administration process, which was extended for a year as the corporate insolvency and restructuring firm explores further ways to boost returns to creditors.
Incorporated in 1970, Johnsons was a family-owned business that traded profitably for decades, offering shoes and accessories through brands such as Timberland, Hotter, Barbour and Ugg.