2015
After Green sells BHS to a group of City investors for £1, pension trustees write to members, warning that the company’s two funds had a combined deficit of £225.6m
Over the past 16 years, the BHS pension fund has fallen from a £5m surplus into a £571m deficit
2002
£17m
surplus
DEFICIT
SURPLUS
25 April 2016
The pension deficit is potentially £571m on the basis that the company is facing insolvency. Green is understood to have offered £40m in cash to help support the fund – which has 20,000 members
2008
The financial crash sees the surplus shrink to £3.4m
2009
The fund records a defecit of £137.9m. BHS agree to inject additional contributions of £2.5m, rising to £7.3m in 2012, as part of a 23-year recovery plan for the deficit
March 2001
Accounts for BHS Group filed at Companies House indicate a surplus of at least £5m
May 2000
Philip Green buys BHS
Guardian graphic
2002
£17m
surplus
DEFICIT
SURPLUS
25 April 2016
The pension deficit is potentially £571m on the basis that the company is facing insolvency. Green is understood to have offered £40m in cash to help support the fund – which has 20,000 members
2008
The financial crash sees the surplus shrink to £3.4m
2015
After Green sells BHS to a group of City investors for £1, pension trustees write to members, warning that the company’s two funds had a combined deficit of £225.6m
2009
The fund records a deficit of £137.9m. BHS agree to inject additional contributions of £2.5m, rising to £7.3m in 2012, as part of a 23-year recovery plan for the deficit
March 2001
Accounts for BHS Group filed at Companies House indicate a surplus of at least £5m
May 2000
Philip Green
buys BHS
Guardian graphic
Over the past 16 years, the BHS pension fund has
fallen from a £5m surplus into a £571m deficit