The Insolvency Service plans to ban former BHS boss Dominic Chappell from holding a directorship for up to 15 years.
The Insolvency Service said in a statement: “We can confirm the Insolvency Service has written to Dominic Chappell and three other former directors of BHS and connected companies informing them that we intend to bring proceedings to have them disqualified from running or controlling companies for periods up to 15 years.
“We can also confirm that we have written to Sir Philip Green, also a former director of BHS, informing him that we do not currently intend to bring disqualification proceedings against him.
“As this matter may now be tested in the Court, it is not appropriate to comment further.
“The intention to bring disqualification proceedings follows an investigation by the Insolvency Service, an executive agency of the Department for Business, Energy and Industrial Strategy. Leading counsel has confirmed all our findings.”
A spokesman for Green said: “On 15 March, the Insolvency Service informed Sir Philip Green that it had concluded its investigation into BHS and confirmed that he will not be the subject of any proceedings under the Company Directors Disqualification Act 1986. Identical confirmations have also been sent to a number of other individuals who were BHS directors in the period prior to its acquisition by Retail Acquisitions Limited.
“Sir Philip and his fellow directors have cooperated fully with the Insolvency Service since its investigation commenced in May 2016, and welcome this decision.”
Green’s Arcadia Group, which includes Topshop, Miss Selfridge and Dorothy Perkins, sold BHS for a nominal £1 sum in 2015 to Retail Acquisitions, which Chappell ran. BHS collapsed into administration in April 2016.