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Buying a business for £1

edited 2011-11-10 11:31:44 in General
Thane of rum-guzzling and necromancy

It sucks, when you have such an awesome offer, and then when you look at the balance sheets... you find out that the debt level is over £9000. -_-

Too good to be true.

Comments

  • OVER NINE THOUSAND?


    More seriously, the only reason you would ever be able to buy a business that cheap is exactly because it's loaded with debt or, indeed, has gone bust and the liquidator wants shot of it. Buying it would be a calculated risk - can I ever make money out of this?

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