This post talks about international companies sold for £ 1, without any exaggeration. Some actions that lead to total bankruptcy and debt accumulation can be transferred to another businessman but for at least £ 1 "in Britain," where ownership can not be transferred free of charge.
UK retailer "BHS"
Is a company represented by a large group of stores located in Britain. However, currently operates under the roof of this company about 12 thousand employees.
The company suffered a major crisis as a result of intense competition, so it was sold recently in all 171 stores in 2015 against £ 1. Now the company is trying to get back on its feet.
Reader's Digest
Reader's Digest is a company that publishes a monthly magazine that brings together what readers are interested in. However, the company has faced significant problems, peaked in 2014, where the company has become in large debt. At that time, it was sold for £ 1 to start working on its recovery.
BARINGS BANK
Barneys Bank was founded in 1762 and suffered both in the 20th century. The bank had incurred losses of up to $ 1 billion in 1995. This led the bank to bankruptcy and was sold to a Dutch bank and Barneys Bank was dismantled.
City Link Company
City Link is a postal company, founded in 1969, but suffered heavy losses that sold it for £ 1 in 2006 for a company to revive. But the company failed in 2014 and City Link was completely closed.
Millennium Dome in England
The millennium dome is a project that was completed in 1999. The government has cost over £ 750 million, but the government has not been able to make any money from this dome, which has prompted investors to search for it. Meridian Delta has secured the dome for £ 1.
MFI Company
MFI is a furniture company in England, which began to suffer after the entry of IKEA to the British market, and the losses of MFI to 50 million pounds in 2005. So they were sold to another company for a single pound to start working under the name Galiform.
Chelsea Club
Chelsea are now one of the richest clubs in the world, but in 1982 the club was in a crisis that would have been at Stamford Bridge, but then Ken Bates bought the club for £ 1 and worked to fill the debt and promote the club. The club was later sold to Russian businessman Roman Abramovich for 140 million pounds.