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Liverpool Echo
Liverpool Echo
National
Tom Duffy

Traders accuse council bosses of 'misleading' city over £1 market deal

LML Echo Companies House Liverpool Council

Liverpool Council have been accused of 'misleading the city' over a deal in which they claimed to have gained control of the city's markets for £1.

In 2016 the council bought Geraud Markets Liverpool Ltd, the company that managed the city's markets. At the time the council said they paid just £1 for the company which was renamed Liverpool Markets Limited, (LML).

Councillor Malcolm Kennedy, then cabinet member for regeneration, described the deal as a 'watershed' for the city. However it has now emerged that the deal involved the council waiving a large debt owed to them by Geraud.

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