See inside the property Dominic Chappell paid for with a £1.5m loan from BHS

 
Helen Cahill
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The £2m property is in Surrey (Source: Zoopla)

Dominic Chappell, the bankrupt who bought BHS for £1, used a loan from BHS to pay off a mortgage on his family's home.

Chappell told the parliamentary committee investigating the collapse of BHS that a £1.5m loan had been paid out to Retail Acquisitions - the company majority-owned by Dominic Chappell that bought BHS.

Documents on Companies House list the property as a £2m house in Surrey. The four bed detached house sits on the banks of the river Thames and boasts a gym, sauna and swimming pool, but, as an archived Zoopla advert for the property reads, it "would benefit from some cosmetic refurbishment."

(Click or tap on the images to see them in full screen)

The plot is about three and a half acres in size, with access to the Thames on three sides and a "small stable block."

One of the directors of Retail Acquisitions, Eddie Parladorio, was opposed to the loan but his vote was not enough to stop it going ahead. After hearing evidence on the detail of the loan, MPs described the corporate governance of Retail Acquisitions as a "joke".

The loan was paid to a vehicle called JDM Island Properties, which bought the Chappell's family home. Shares from JDM Island Properties have now been moved to Olivia Investments, the Chappell family investment fund.

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