The Work and Pensions Committee has published a letter form the Insolvency Service regarding its investigation into the BHS collapse.
Commenting on the letter received from the Chief Executive of the Insolvency Service (attached), Rt Hon Frank Field MP, Chair of the Committee, said:
"The Committee is very pleased to see that the Insolvency Service has raised its game, appointing specialist Counsel and forensic accountancy services to analyse the evidence they have gathered on the sale and collapse of BHS. This, and the fact that they have set down a timetable for commencement of any potential proceedings, are clear signs of how seriously they are now taking this matter. It seems the net is tightening around the former directors of BHS. We – and of course the Forfeiture Committee – will await the outcome of their investigations with great interest."