Insolvency Service Issues Statement on BHS

The Insolvency Service has issued a statement following its investigations into the collapse of the retailer BHS. Although subject to further court action the organisation is recommending disqualifications for Dominic Chappell, but is intending to take no further action against Sir Philip Green.

A spokesperson for the Insolvency Service said:

“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 bring disqualification proceedings against him. As this matter may now be tested in the Court it is not appropriate to comment further”.