BHS sale and pensions: Written evidence published by Committees
17 June 2016
The Work and Pensions and Business, Innovation and Skills Committees are today publishing a series of written evidence, some of which was referred to in questioning of Sir Philip Green when he gave six hours of oral evidence in Parliament last Wednesday. The below also contains responses to follow up requests from previous evidence sessions. More evidence will be published next week.
Evidence on BHS Pension Fund and Project Thor
- Pension trustee minutes, including records of discussions and meetings from September 2014 to March 2015, between BHS Pension Fund Trustees and advisers, regarding Project Thor, redacted
- 121 pages of records of early 2015 conversations between all parties to sale and acquisition of BHS and BHS pension fund trustees, relating to negotiations and financial position of the pension fund and Project Thor - including at page 100 the note about Sir Philip's thoughts on The Pensions Regulator's investigations, redacted
- BHS Pension Fund Trustee minutes and correspondence between 2005 and 2009, 2014
Evidence on BHS sale and acquisition and management under RAL
- Letter from Mike Ashley explaining interaction with Dominic Chappell over purchase of BHS
- Letter from Aidan Treacy, former BHS and then RAL Board Member, dated 13 June 2016, regarding his interaction with Dominic Chappell
- Stephen Bourne, former director of RAL, response to questions on Sale and Acquisition of BHS, redacted, 13 June 2016
- From Michael Hitchcock, former financial adviser to BHS, 12 June 2016, detailing the loans, financial property transactions and fees (eg Northwest House, Marylebone House etc etc), and amounts charged to BHS by RAL in respect of fees, salaries etc, that were referred to in oral evidence on 8 June
- From Darren Topp, BHS Chief executive, further detailing his oral evidence of 8 June 2016 on RAL's management of BHS, as referred to at the end of that evidence session
- Letter from Robin Saunders detailing discussions with Sir Philip Green, particularly relating to Paul Sutton
- 12 February 2016 Olswang "Deed of Rectification" regarding the £3.5 million loan to BHS Group Limited, redacted
- 16 July 2015 Share Purchase Agreement between GH One and Arcadia Group, relating to the sale of Wilton Equity Ltd, redacted
- Minutes of Arcadia Group Board Meeting 26 July 2015
- Arcadia Group, loan Letter Agreement on undertakings in relation to Oxford Street Property, 25 June 2015
- BHS and Arcadia Group, Loan agreement Ltd, 26 June 2015
- June 2015 Framework Agreement between Taveta 2, RAL, BHS Group and Arcadia redacted, re-financing BHS debt
- Carmen Properties Share Purchase Agreement redacted, 13 March 2015, between Nautilus Nominee Services Ltd and BHS Properties Ltd, including details of a £70 million loan
- "Points of Principle", 16 February 2015, Swiss Rock (later RAL) initial proposal re acquisition of BHS
BHS Administration and Insolvency
- Letter from Duff and Phelps, BHS Administrators
- Minutes of BHS Board of Directors 21 April 2016 meeting where it was resolved that the company file for administration
- Letter from Anna Soubry MP Minister for Small Business, Industry and Enterprise, regarding the Insolvency Service inquiry into BHS
Further information
- Inquiry: BHS
- Work and Pensions Committee
- Business, Innovation and Skills Committee
- About Parliament: Select committees
- Visiting Parliament: Watch committees
Image: PA