Ex-BHS owner ordered to pay £9.5m into pension schemes

Dominic Chappell, the former owner of BHS, has been ordered to pay £9.5 million into the retailer’s pension schemes following a decision after three years of legal battles.

Chappell had acquired BHS for only £1 through his Retail Acquisitions firm from Philip Green in 2015, 13 months before it crashed, leaving 11,000 people without jobs and a pensions deficit of £571m. Green had agreed to a £363m cash settlement with the Pensions Regulator in 2018.

In November, Chappell was banned from holding any company directorships for ten years by the Insolvency Service. Later this year, he will face a separate trial for tax fraud, which he denies.

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