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 pension deficit twice the reported level

BHS’s pension scheme deficit was £207m last year, twice the amount reported in the 2013 accounts.

A letter has been sent by Chris Martin, chairman of the trustees, to members of the scheme revealing the gap, according to the Sunday Times.

Retail Acquisitions which bought the chain for £1 from Philip Green on March 12 took on the pension liabilities as part of the deal.

Martin said it was “business as usual”, and the department store chain would continue to contribute £9.5m a year to pay the pensions.  

Readers' comments (3)

  • This is smelling worse by the day. I hope all those that should be watching like hawks are doing so and that Drapers will continue to shine a light...

    Unsuitable or offensive? Report this comment

  • I imagine cuddly Dave will give this man a Knighthood for his contribution(s) to the party(country)....oh wait he already has.

    Unsuitable or offensive? Report this comment

  • oh look ......my comment was removed regarding the people he sold it to (as reported by The Sunday Times). Drapers won't shine a light on this.....the only light will be the one shining on them 3 foot from the floor. The whole thing stinks but 100% guaranteed is that P Green will def be one of the richest in the graveyard. one day.

    Unsuitable or offensive? Report this comment

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.