On 17 May this year, the tale of Retail Acquisitions Limited (RAL), the company that bought BHS for £1, took a decided turn for the worse.
The High Court handed down its reasons for winding the company up and putting it into liquidation. The decision was based on an “unsatisfied demand for the sum of £5,981,871.65 arising from a loan” made to RAL by BHS in December 2015.
