 Greybull bought British Steel, Britain's second-largest steelworks, for £1 in 2016, invested £20m in the company, and charged it £6m in fees and has accrued £14m of owed interest.British Steel became insolvent in May 2019, after failing to secure government funding.Greybull Capital's two members are Marc Meyohas and Greybull Corporate Partner Ltd, formed on July 2012 and owned by Marc Meyohas.