Dominic Chappell
This coverage examines the legal and financial repercussions of Dominic Chappell’s acquisition of British Home Stores (BHS) in 2015. Chappell, who purchased BHS for £1, was subsequently convicted for tax evasion, failing to pay approximately £584k in taxes on £2.2m of income derived from the deal. The collapse of BHS in 2016 led to 11,000 job losses and a £571m pension deficit. In 2024, the High Court ordered Chappell to repay at least £50m for wrongful trading and breach of fiduciary duty. This content provides insights into the legal proceedings and financial implications of Chappell’s actions, offering valuable information for retail professionals, legal experts, and business executives.
-
Jun- 2019 -18 JuneHigh Street
Former BHS owner in court over tax evasion allegations
Former BHS owner Dominic Chappell is to appear in court today (18 June) on accusations of tax evasion in relation to a finance company at which he was the director. Chappell is due to appear at the City of London Magistrates Court, facing three charges of cheating the public revenue…
Read More » -
Dec- 2018 -17 DecemberHigh Street
Dominic Chappell fined £124k for breaking pensions law
Former BHS owner Dominic Chappell has been fined £124,000 by the Hove Crown Court for breaking pensions law. According to Sky News Chappell was found guilty of withholding documents on the company’s pension scheme from the The Pensions Regulator (TPR) after it went into administration, and was re-sentenced on Friday…
Read More » -
Sep- 2018 -21 SeptemberGovernment
Dominic Chappell loses appeal against BHS conviction
Dominic Chappell, the former director and majority shareholder of the company that bought BHS, has lost his appeal against his conviction and sentence for failing to hand over information to The Pensions Regulator (TPR). In January, Chappell was convicted at Brighton Magistrates’ Court by District Judge William Ashworth of three…
Read More » -
18 SeptemberHigh Street
Former BHS owner warned not to ‘rewrite history’ in court
Dominic Chappell, the former owner of collapsed retailer BHS, has been warned against making a “cynical attempt to rewrite history” in an appeal hearing against his conviction earlier this year. In January, Chappell was found guilty of three charges of neglecting or refusing to provide information and documents, without a…
Read More » -
Jul- 2018 -20 JulyGovernment
Inquiry into BHS directors could be reopened
The inquiry into the former directors of BHS could be reopened following the discovery of new information by the Financial Reporting Council (FRC), Retail Sector has learned. The chief executive of the Insolvency Service Sarah Albon, requested more information from the FRC regarding the conduct of the retailer’s directors. The…
Read More » -
2 JulyDepartment Stores
Philip Green’s company fails to block BHS audit report
The parent company of Philip Green’s Arcadia retail empire, Taveta Investments, has failed to impose an injunction on the publication of BHS’ audit reports. It was seeking an interim injunction before a judicial review of the report, but the High Court ruled in favour of the Financial Reporting Council (FRC)…
Read More » -
Jun- 2018 -21 JuneClothing & Shoes
Sir Philip Green seeks judicial review as PwC court battle kicks off
The former owner of BHS and current Topshop and Arcadia owner, Sir Philip Green, has requested a judicial review of the Financial Reporting Council’s (FRC) report into PwC’s handling of the retailer’s audit shortly after collapsed. As the hearing into the report prepares to be taken to the High Court…
Read More » -
13 JuneHigh Street
PwC hit with record £10m fine for BHS audit
PricewaterhouseCoopers (PwC) has been fined £10m for its handling of the BHS audits and the Taveta Group in 2014. The sanction follows an investigation by the Financial Reporting Council (FRC) under the Accountancy Scheme which opened in June 2016 two months after the retailer’s collapse. PwC signed BHS off as…
Read More » -
Apr- 2018 -9 AprilGovernment
Dominic Chappell to sue Philip Green
Former British Home Stores (BHS) owner Dominic Chappell said he plans to sue retail magnate Philip Green and contest a proposed boardroom ban by the Insolvency Service, in order to repair his “tarnished reputation”. On 28 March the Insolvency Service disqualified Chappel from running or controlling any company for up…
Read More » -
Mar- 2018 -28 MarchGovernment
Dominic Chappell banned from company directorship for 15 years
Former BHS owner Dominic Chappell has been disqualified from running or controlling any company for up to 15 years. 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…
Read More »
