Liverpool Council is to write off more than £1m in debts owed by the company that ran a pop music museum in its own building.
Around £1.2m owed to the local authority by Music Experience Britain (MEB) is to be written off by the local authority’s cabinet when it meets later this week after being deemed irrecoverable. A further £300,000 will also no longer be chased up from British Music Experience (BME) in service charges.
A report to the cabinet said: “This is because MEB was dissolved in 2021 and, until recently, BME have been loss-making. Officers have undertaken due diligence and are satisfied that based on BME being a thinly capitalised charity and their operations being loss making until recently, that they are unable to service their historical service charge liabilities.
