BHS’s administrators have filed their report to creditors. Retail Week takes a look at the key facts and figures from the 102-page document.
BHS’s turnover in the 18 months from September 2014 to February 2016. The retailer’s cost of sales during the same period was £760.3m.
The decline in sales during November and December 2015 compared with the same period the prior year. The “poorer than anticipated” performance left BHS £18m below budget targets.
BHS’s sales following the appointment of administrators, between April 25 and June 3 – including £68.7m worth of credit card transactions.
The amount BHS paid in rent on its stores between April 25 and June 3.
The additional funding BHS needed in order to fully implement its CVA.
The total number of companies that were placed into administration following BHS’s collapse, including five property holding companies or dormant firms that operated under parent company BHS Group Limited.
The number of parties interested in buying the retailer that returned a non-disclosure agreement (NDA) in order to receive details about the business, its operations and forecast performance.
The number of firm “going concern” bids that were submitted to rescue BHS.
£10m to £35m
Offers submitted to acquire BHS fell into this price range.
The amount expected to be paid to administrators by BHS.
The number of creditors BHS owes money to, not including employees.
The amount BHS owes to its creditors.
The total number of hours Duff & Phelps spent on ‘strategy planning and control’ pre- and post-appointment as administrators, up until May 31.
Duff & Phelps’ total expenses during the period of BHS’s administration, including fees paid to solicitors, property agencies and accountants.
The amount Duff & Phelps paid to Smithfields to handle its PR surrounding the appointment as BHS administrators.
The number of public inquiries taking place into the administration of BHS, including probes by the Insolvency Service and the Pensions Regulator, as well as separate parliamentary probes into the sale of BHS to Retail Acquisitions and the department store chain’s pension scheme.
6 to 12
The number of weeks the ‘wind down of operations’ at BHS is expected to take.