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

Chappell given more time for Retail Acquisitions rescue attempt

Former BHS owner Dominic Chappell has been given more time to submit evidence to prevent his company Retail Acquisitions from going bust.

The date for Chappell to lodge evidence has been pushed back to 18 November, following a request by his lawyers. It was previously 14 November.

BHS administrators Duff & Phelps filed a High Court petition to wind up Retail Acquisitions. It is understood they want to take control of the firm so they can analyse the flow of cash from BHS to Chappell and his associates.

Specifically, Duff & Phelps is said to be looking into a sum of £1.5m used by Retail Acquisitions to pay off the mortgage on the Surrey home owned by Chappell’s parents.

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

A spokesman for the Revenue and Customs said he could not comment on individual cases, but confirmed a 49-year-old businessman was arrested.

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.