CAPA

The The 500 Club returns to London this Thursday! I will be hosting with my colleagues Mike Wright and Caitlin Duncan at Davy's Winehouse in Holborn Come and join Asertis Ltd, CAPA, ESA Risk and professionals in Insolvency, finance law and related fields for drinks, snacks and engaging conversation. Please reach out if you would like to get involved at events@the500club.co.uk

The R3 Annual Conference is heading to Malta for a unique opportunity to explore the future of the restructuring, turnaround and insolvency profession in a beautiful setting. Harnessing the fantastic location, we will hear from expert speakers based in Malta who will update us on the local experience and effect this can have across Europe and beyond. Expect insights, discussions, and plenty of opportunities to network with our social programme giving you time to explore Malta. Book your place at https://bit.ly/3J7LjFd to be part of the discussion on Embracing change - shaping the profession to be fit for the future. Thank you to our main sponsor CAPA, keynote sponsor Fladgate LLP, exhibitor sponsor Armalytix, support sponsor J9 Advisory | Leeds | London, and key sponsor partners MANOLETE PARTNERS Plc and Marsh for your invaluable support. #R3AC2025 #restructuring #turnaround #insolvency

Mike Wright, Michael Rose and Caitlin Duncan will be hosting our London event next week. Please do get in touch if you would like to join us and the wonderful London crowd, as well as our co-hosts Asertis Ltd and CAPA. Details on how to join the invite list below ⬇️

Tangelo Management Limited trading as Grange Bakers has entered into a CVL with Leonard Curtis appointed as liquidators. Cumbrian business Grange Bakery has closed permanently, shutting all four of its shops due to the ‘current economic climate’, according to a post on the company’s website. It operated four shops in the region on the edge of the Lake District serving up a range of sweet and savoury baked goods ranging from sourdough to celebration cakes, pastries, and more. CAPA will carry out a rates audit over the outlets. #audit #property

Administrators Paul Berkovi and Mark Firmin of Alvarez & Marsal have been appointed to Troy UK Ltd the UK's largest independent network for tools and maintenance supplies. Troy's focus was on helping its members - independent distributors of tools, maintenance and industrial supplies - go head-to-head with the national chains; empowering them to maximise their business potential via its national buying power, business support services, expertise and technology solutions. The business was launched in Bideford, Devon in 1986, when it secured its first supplier agreement with the Dormer brand. The business established its first wholesale arm - Trojan - in 1990, and in 1998, moved to a new headquarters in Barnstaple. In 2000, Troy's supplier base expanded to include Makita and Bosch and in 2010, the business became privately owned. By 2014, the business had over 140 members, expanding to over 200 in 2016 and more than 300 in 2018, the year in which Troy acquired rival buying group THS. Troy moved its head office to Exeter in 2019 and the following year, acquired data management company EZ-base. Membership had increased to 350 organisations in 2022, when it acquired supplier platform Applegate. The company website states that by 2023, Troy's membership comprised of 450+ UK independent distributors of tools, maintenance and industrial supplies, with turnover of £260 million. CAPA have been appointed to carry out a property audit over the 4 properties occupied by the company. #audit #property

A big thank you to CAPA from the Quantuma Maidenhead team for the Easter hamper .... chocolate is always appreciated !

Thanks to everyone who joined The 500 Club at Le Vignoble yesterday (10th April) when we returned to Bristol. A fantastic couple of hours of informal networking. I was pleased to host for Asertis Ltd with Mike Sheath for CAPA, and Caitlin Duncan for ESA Risk. The 500 Club is a series of informal networking events organised by Asertis Ltd, ESA Risk & CAPA which bring together like minded #accountancy #insolvency #legal #property and other professionals for drinks and engaging conversation. Our next event will be held on 24th April in London when we are expecting another fantastic turnout. If you wanted to receive details of any of our other events around the country please do get in touch

Blackburn based Steel Dynamics, the UK's leading stainless steel stockholder and processor, has been placed into administration. Joint administrators Jason Bell and Philip Stephenson from Grant Thornton Manchester office have been appointed with CAPA appointed to review the NDR rates on the 4 properties occupied by the company. #audit #property

Liquidators Lucas Ross have been appointed liquidators over the veterans charity First Light Trust which provided vital support to veterans of the armed forces and emergency services and the local community. CAPA have been appointed to carry out a rates review over the 5 hubs. #audit #property

Oxfordshire-based Blanchford Building Supplies closed down last week without warning after 87 years in business. The business, which was a member of the NBG since 2000, operated from five branches across Oxfordshire and Buckinghamshire; in Headington, Bicester, Wallingford, Princes Risborough and Haddenham. Employing around 60 people, the business supplied building materials, timber and landscaping products to trade and retail customers. The first branch of Blanchford & Co Ltd, trading as Blanchford Building Supplies, was opened in 1938 on Queens Street, in central Oxford, by brothers Fred, Cecil and Ronald Blanchford, but the business soon moved to Headington in east Oxford, where is was headquartered until now.  The Blanchford brothers retired in the 1950s, and were replaced by two employees who became Managing Directors. Another family was introduced into the company, which established continuity in ownership ever since.  A second store opened in the 1960s in Princes Risborough, Buckinghamshire, which hosted a kitchen & bathroom showroom alongside building supplies. In 2012, another branch opened in Wallingford, Oxfordshire - before a final store launched in Bicester. Reading-based administrators, Tim Townley and Danny Dartnaill, of BDO, have been appointed to wind down the business. In a statement to BMN, a spokesperson for the administrators explained that "the business had been experiencing working capital constraints in recent years due in part to rising costs and general price increases.   "While efforts were made to secure a buyer for the business, this proved impossible and the directors were left with no alternative but to place the company into administration". CAPA will carry out a property audit over the 5 properties on behalf of the administrators. #audit #property