HC Deb 07 May 1987 vol 115 c492W
Mr. Tim Smith

asked the Secretary of State for Trade and Industry who are the inspectors appointed under the Companies Act to investigate the circumstances surrounding the acquisition of shares in House of Fraser during 1984 and 1985.

Mr. Howard

The inspectors are Mr. Philip Heslop QC and Mr. Hugh Aldous FCA. They were appointed under section 432 of the Companies Act 1985 to investigate and report on the affairs of House of Fraser Holdings plc and they have been asked to look in particular at the circumstances surrounding the acquisition of shares in House of Fraser plc in 1984 and 1985.