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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Two former BHS directors ordered to pay at least £18m over wrongful trading

BHS Philip Green Leech FRP Advisory
Cut-price stock at a BHS store before the chain's closure in 2016
Cut-price stock at a BHS store before the chain’s closure in 2016. Photograph: Alex Segre/Rex/Shutterstock

Two former directors of the collapsed department store chain BHS have been ordered to pay at least £18m after the pair were found liable for wrongful trading and breaching their corporate duties.

The ruling against Lennart Henningson and Dominic Chandler, members of the Retail Acquisitions team that bought BHS for £1 from Philip Green in 2015, comes eight years after the retailer collapsed into administration owing creditors, including its pension fund, more than £1bn.

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