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Work and Pensions Committee The Work and Pensions Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of the Office of the Department for Work and Pensions and its associated public bodies. Current membership Frank Field MP (Labour, Birkenhead) (Chair) Heidi Allen MP (Conservative, South Cambridgeshire) Mhairi Black MP (Scottish National Party, Paisley and Renfrewshire South) Ms Karen Buck MP (Labour, Westminster North) Neil Coyle MP (Labour, Bermondsey and Old Southwark) John Glen MP (Conservative, Salisbury) Richard Graham MP (Conservative, Gloucester) Steve McCabe MP (Labour, Birmingham, Selly Oak) Craig Mackinlay MP (Conservative, South Thanet) Jeremy Quin MP (Conservative, Horsham) Craig Williams MP (Conservative, Cardiff North) Business, Innovation and Skills Committee The Business, Innovation and Skills Committee is appointed by the House of Commons to examine the expenditure, administration, and policy of the Department for Business, Innovation and Skills. Current membership Mr Iain Wright MP (Labour, Hartlepool) (Chair) Paul Blomfield MP (Labour, Sheffield Central) Richard Fuller MP (Conservative, Bedford) Peter Kyle MP (Labour, Hove) Amanda Milling MP (Conservative, Cannock Chase) Jonathan Reynolds MP (Labour (Co-op), Stalybridge and Hyde) Amanda Solloway MP (Conservative, Derby North) Michelle Thomson MP (Independent, Edinburgh West) Kelly Tolhurst MP (Conservative, Rochester and Strood) Craig Tracey MP (Conservative, North Warwickshire) Chris White MP (Conservative, Warwick and Leamington) Powers The Committees are departmental select committees, the powers of which are set out in House of Commons Standing Orders, principally in SO No 152. These are available on the internet via www.parliament.uk.
Publication Committee reports are published on the Committees’ websites at www.parliament.uk/workpencom and www.parliament.uk/bis and in print by Order of the House. Evidence relating to this report is published on the inquiry publications page of the Committees’ websites. Work and Pensions Committee staff The current staff of the Committee are Adam Mellows-Facer (Clerk), Margaret McKinnon (Second Clerk), Rod McInnes (Committee Specialist), Rachael Savage (Committee Specialist), Libby McEnhill (Committee Specialist), Simon Banner (Secondee), Sian Cooke (Secondee), David Everett (Secondee), Andrew Wallace (Senior Committee Assistant), Alison Pickard (Committee Assistant), Jessica Bridges-Palmer (Media Officer), and Kostas Koutoupis (Web and Publications Assistant). Business, Innovation and Skills Committee staff The current staff of the Committee are Chris Shaw (Clerk), Martin Adams (Second Clerk), Josephine Willows (Senior Committee Specialist), Duma Langton (Committee Specialist), James McQuade (Senior Committee Assistant), Jonathan Olivier Wright, (Committee Assistant) Gary Calder (Media Officer), and Deborah Courtney (Web and Publications Assistant). Contacts All correspondence should be addressed to the Clerk of the Work and Pensions Committee / Business, Innovation and Skills Committee, House of Commons, London SW1A 0AA. The telephone number for general enquiries is 020 7219 8976/5777; the Committees’ email addresses are workpencom@parliament.uk/ biscom@parliament.uk.
Page 1: House of Commons Work and Pensions
Page 7 and 8: BHS 1 Contents 1 Introduction 3 Our
Page 9 and 10: BHS 3 1 Introduction Our inquiry 1.
Page 11 and 12: BHS 5 2 BHS under Sir Philip Green
Page 13 and 14: BHS 7 Figure 1: BHS Turnover and Pr
Page 15 and 16: BHS 9 left the company than was inv
Page 17 and 18: BHS 11 20. Following the proposal b
Page 19 and 20: BHS 13 26. The 23 year recovery per
Page 21 and 22: BHS 15 Taveta on 28 August. 75 TPR
Page 23 and 24: BHS 17 38. The trustees were also t
Page 25 and 26: BHS 19 would have been dependent on
Page 27 and 28: BHS 21 51. Dominic Chappell and the
Page 29 and 30: BHS 23 of continuing to discuss a d
Page 31 and 32: BHS 25 and Sir Philip Green argue t
Page 33 and 34: BHS 27 concessions agreements with
Page 35 and 36: BHS 29 79. While Goldman Sachs did
Page 37 and 38: BHS 31 however, there is a strong c
Page 39 and 40: BHS 33 96. Marylebone House was use
Page 41 and 42: BHS 35 Figure 3: BHS balance sheet
Page 43 and 44: BHS 37 110. At the point of sale, h
Page 45 and 46: BHS 39 5 Taveta corporate governanc
Page 47 and 48: BHS 41 offshore. BHS was involved i
Page 49 and 50: BHS 43 123. Directors have a duty t
Page 51 and 52: BHS 45 Agreement to the sale of BHS
Page 53 and 54: BHS 47 6 RAL ownership of BHS The b
Page 55 and 56:
BHS 49 Project Vera 144. A CVA woul
Page 57 and 58:
BHS 51 RAL purchased the company, w
Page 59 and 60:
BHS 53 closely at the loans and fee
Page 61 and 62:
BHS 55 7 Conclusions 168. The evide
Page 63 and 64:
BHS 57 8 Ongoing inquiries 174. The
Page 65 and 66:
BHS 59 Formal Minutes Wednesday 20
Page 67:
BHS 61 Mark Tasker, Former Director
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