There have not been many retail failures that have caused as much public interest as BHS’ collapse into administration in 2016. While it may have been unique in many aspects given some of the high-profile individuals involved, it seems unlikely that any future closure of high street stores will lead to Parliament launching an inquiry. BHS’ demise saw 11,000 employees made redundant and the closure of 164 stores nationwide. Amid all this, the legal repercussions are still being felt some eight years later.

In June, the High Court issued what is considered to be the largest ever wrongful trading judgment by an English Court and the impact of the judgment should be noted by all directors in boardrooms across the country. Following a 25-day hearing with many days of cross examination, a 533-page judgment sets out a change in approach by administrators and the Courts and, as a result, a potential change in day-to-day practice for directors who want, understandably, to avoid personal liability with potentially eye-watering fines.

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