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Liverpool Echo

National

Tom Duffy

'Shock' over multi-million collapse of Liverpool markets company

A collapsed company that ran markets for Liverpool City Council owes millions of pounds to the local authority.

Liverpool Markets Limited, (LML) which managed the council's markets across the city, entered into liquidation in May 2019. A report by liquidators FRP Advisory Limited LLP has now revealed LML owes the council £3,469,896.00.

Information on Companies House records the company was formed in 2003 and Liverpool council took control of the company in 2016, buying all the shares. The accounts from December 2015 showed a deficit of £965,330.

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