BHS HQ property deal netted £21m+ profit for Lady Green’s company: report by the Daily Mail
June 11, 2016
Daily Mail City Correspondent, Laura Chesters sets out the details of a deal involving the sale of the BHS headquarters building, which generated a paper profit of over £21m for a company controlled by the wife of Sir Philip Green. Our Business Risk Adviser, Nick Hood comments on opaque corporate structures and the blurring of personal and corporate boundaries:
“This is the problem with these complex, opaque corporate structures which inevitably create suspicion.
‘Too often entrepreneurs lose sight of what belongs to them and what has to be kept ring-fenced inside their company for the benefit of its creditors.”