February 2007 - Profit recovery specialists seek more figures
The concept of profit recovery or transaction auditing to recover significant additional profits is finding favour with so many more large organisations that one of the principal players – Leeds based Audit Partnership Ltd – is busy recruiting more staff.
APL is the major British based profit recovery specialist with a client list which includes leading banks, supermarkets, retail groups and public sector organisations. Using a combination of specialist staff who know where to look, and powerful software which highlights areas for further investigation, APL has a track record of recovering significant five and six figure sums for large turnover operations.
‘No matter how committed and hard working an accounts team is, ’ David Thurman, APL’s Development Director explained, ‘skilled forensic examination of financial, operational and internal statistical records will identify potential losses. Without affecting the day to day operation of a company or tying up its resources, we examine the records on site or at our Leeds HQ, identify recoverable amounts and help collect them. Those organisations with a significant property portfolio stand to recover even more. We’ve a specialist team concentrating on rents, leases, business rates, service charges and all the other areas of property ownership and a very healthy track record in recovery there too.’
2006 saw a significant rise in the level of interest from leading corporates for primary, secondary and property auditing and as a result additional skilled staff are being recruited for APL’s field based teams across the UK and its Leeds based head office team.