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Is there anything stopping someone from forming a ltd company and then buying woolworths?
Woolworths is up for sale for a quid, and as part of the deal the buyer must take on the 300 million quid of debt, but is there anything to stop someone forming a limited company and then buying Woolworths?
Do you think that the Administrators would sell it to someone with a start up plc with assets on their balance sheet of £1?
Dell
yes if they have the cash
plethebest
There is nothing stopping this from happening. The main reason why woolworths are in truble is because the insuarche company has bailed on them saying that they are too mush of a risk, Last year they anounced record profits. The main thing that would hold people back is in fact there penson payouts rather then anything.
shane_emsworth
Nothing stopping you at all.
£300million in debt though, so you may need to get rid of the board of directors that got Woolworths into this mess.
Shame though all the kids back in the day loved the free pick and mix, oh it was'nt free, oops.
rach84green
There is nothing to stop anyone taking it over if they have a pound but it needs someone who is willing to take on a £300 million debt.
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