The British Broadcasting Company Ltd was a British commercial company formed on October 18, 1922 by British and American electrical companies doing business in the United Kingdom. Its original office was located on the fifth floor of the Marconi building in London. On December 14, 1922, John Reith was hired to become the Managing Director of the company. On December 31, 1926, the company was dissolved and its assets were transferred to the Crown Chartered British Broadcasting Corporation.