The deadline for indicative bids for BHS passed at 5pm on Tuesday.

The administrator, Duff and Phelps, says it has received "multiple offers for the whole of the business" but emphasises there is "still a lot of work to complete a sale".

One of the bidders will raise a few eyebrows.

I'm told that Dominic Chappell and the other directors of Retail Acquisitions Ltd have tabled an offer for BHS's international business which supplies franchise stores in Russia, Libya, Gibraltar and the Gulf states.

It was Retail Acquisitions that brought BHS from Sir Philip Green for £1 last March, relinquishing control two weeks ago when the business was put into administration.

As far as the British business is concerned, my understanding is that Yousuf Bhailok - a property investor who owns the freehold to BHS's Preston store - has bid for the "vast majority" of 163 others.

Mr Bhailok is a former Secretary General of the Muslim Council of Britain.

The inevitable focus of attention has been on Mike Ashley and Sports Direct.

Ten days ago, in a statement to the Sunday Telegraph, Ashley pledged to rescue BHS. The message was: no job cuts, no store closures.

Ashley's ambition was welcome and a little surprising.

Trading since administration has been brisk, but no-one else I've spoken to thinks the business can survive in its current form .

Even if the process of administration relieves BHS of the burden of the final salary pension scheme (in deficit and destined for the Pension Protection Fund) and much of its other debts.

Mike Ashley clearly has a vision, we just don't know what it is.

I'm told that Sport Direct has bid, although the company won't confirm that publicly.

Ashley has a sizeable chequebook and his interest in BHS appears to dampen that of others.

I'm told neither B&M nor Poundland tabled offers, although both are likely to look closely at any stores Duff and Phelps fails to find a buyer for.

The administrator will meet with BHS's secured creditors tomorrow morning to discuss all offers, including those I and other journalists may have missed.

HSBC, Grove Point, Gordon Brothers and Sir Philip Green (through Arcadia) are collectively owed something in the region of £100m.

They'll want to know how much of it they'll get back.

Duff and Phelps will go through the various bids, detail the money on offer, examine proof of funds and seek to answer creditors' questions.

The hope is that a preferred bidder will be selected in the coming days.