BHS was sold for £1 and collapsed a year later with a large pension deficit
BHS (British Home Stores) · Department stores (private)
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Regulatory & litigation records
Would have found the buyer's past bankruptcies.
Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.
End-use tracing of funds
Would have traced money taken out after the sale.
Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.
Governance signals
Would have flagged dividends paid against the pension deficit.
Can mislead when: Private companies file late, so these signals are lagging. Kubr uses them to support other flags, not to prove anything alone.
Where Kubr services would have helped
Borrower monitor
Offered in India- C6 Would have traced money taken out after the sale.
- C8 Would have found the buyer's past bankruptcies.
- C11 Would have flagged dividends paid against the pension deficit.
Verified Snapshot
Offered in India- C8 Would have found the buyer's past bankruptcies.
- C11 Would have flagged dividends paid against the pension deficit.
Legal diligence support
Offered in India- C8 Would have found the buyer's past bankruptcies.
- C11 Would have flagged dividends paid against the pension deficit.
Promoter profiles
Offered in India- C8 Would have found the buyer's past bankruptcies.
- C11 Would have flagged dividends paid against the pension deficit.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.