Former BHS directors ordered to pay £110m
Dominic Chappell and Lennart Henningson, former directors of the collapsed department store BHS, have been ordered to pay £110m to creditors for breaching their corporate duties. The ruling follows BHS’s administration in 2016, which left creditors, including its pension fund, with debts exceeding £1bn. The court found that the directors failed to act in the company’s best interests by continuing to trade instead of initiating insolvency proceedings. Tony Wright, a joint liquidator, expressed satisfaction with the ruling, stating: “We are pleased that the court has found these directors accountable for almost all of the deficit suffered by creditors.” The total liability could rise to £150m due to interest and penalties.
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