A company linked to a property transaction that was investigated by police is now in liquidation with debts of over £1.2m.
Percy Place Developments Limited was set up by Liverpool property developer Elliot Lawless to complete a refurbishment project on Percy Street in Liverpool 8. The ECHO recently revealed that Percy Street was one of two transactions which has been part of an ongoing police investigation into council land and contracts codenamed Operation Aloft.
Mr Lawless paid Liverpool City Council £1.5m for the site on Percy Street in the city's Georgian quarter. Percy Place Developments Limited is now in liquidation and has liabilities of £1,256,506.03 according to documents filed at Companies House. The company entered into liquidation on November 4 this year.