Staff at BHS are to receive up to £12m in statutory redundancy pay following the appointment of liquidators this week.
More than 11,000 staff are set to lose their jobs at the high street chain after administrators Duff & Phelps failed to secure a buyer for the business.
The total payout to staff is expected to be between £8m and £12m, to be paid by the government.
BHS employs around 8,000 people and has 163 stores across the UK. There are a further 3,000 people on contracts but not directly employed.
Duff & Phelps said, despite the multiple offers to buy the retailer, “none were able to complete a deal due the working capital required to secure the future of the company”.