Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

BHS bosses may face legal action from creditor

BHS’s biggest creditor, The Pension Protection Fund (PPF), is reportedly seeking legal action against the former directors of the defunct retail chain.

The PPF has asked BHS’s administrators to put it into liquidation by the end of the month.

The firm that will carry out the liquidation, FRP Advisory, is expected to look into bringing misconduct charges against the retailer’s former directors, including Dominic Chappell who bought the chain for £1 from Sir Philip Green.

Chappell was reportedly recently arrested for failing to pay £500,000 in tax on money he took from BHS before it collapsed into administration in April.

Meanwhile Chappell is reportedly struggling to keep another business afloat and has admitted that it is running out of cash, according to The Mail on Sunday. Chappell is the sole director of Las Vegas-based software developer Todex which filed a warning with the US stock exchange last month.  


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.