British retail chain BHS has officially entered liquidation, after falling into administration earlier in the year.
The news marks the official end of the iconic company’s 88-year history in the UK.
While a company, or parts of a company, can still be bought and saved from administration, the liquidation of assets means the firm will now be dissolved and the money used to pay back BHS’s creditors.
But some may get returns as little as 8p on the pound thanks to the huge deficit in the BHS pension fund, which had reached £571m at the time of the company’s collapse but is likely to have grown since thanks to volatility in the markets.
BHS’s downfall in April marked the biggest British high street collapse since Woolworths …
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