Dear Matt O'Donoghue
 
Freedom of Information Act 2000
 
Thank you for your request for information that was received on 22 August
2023 concerning:
 
Dear Liverpool City Council,

On June 21st 2013 two charges in favour of Liverpool City Council were
registered with Companies House against Briggs Automotive Company (BAC).

These can be viewed here:

https://find-and-update.company-informat...
= 2

(1) - Please provide all documents considered by Councillors and their
Officers in relation to the agreements to "loan" or "grant" this private
company these monies.

These documents should include - but not be limited to - the amounts given
and the terms upon which these monies were provided by Liverpool City
Council, including the agreed repayment dates.

In 2018 Liverpool City Council became a 2% shareholder of Briggs
Automotive Company.

(2) - Please provide a copy of the independent advice originally given to
Liverpool by Arlingclose around the valuation of these two tranches of
shares. This should include the total number of shares that LCC were lead
to believe had been issued at the point of LCC's purchase and the
relationship between LCC's purchase and the outstanding sum - to be
identified - and owed to LCC under the original 2013 agreement.

(3) - Please provide any subsequent advice used for the purposes of annual
revaluation for inclusion in the accounts.

It should be noted that the value of these shares has been variously
reported in the Council's annual accounts as being worth in excess of £4m,
£2m, £1.2m, and £300,000.

(4) - Please provide the latest valuation of these shares and all relevant
documentation including the methodology used to calculate this current
valuation.

(5) - Please provide a copy of all emails created as a result of loans,
grants or share agreements where Liverpool City Council acted as lender,
purchaser, beneficiary or accountable body and where Briggs Automotive
Company was an interested Party - for example Regional Growth Fund or any
other.

(6) - Please provide a copy of any correspondence between Liverpool City
Council and Briggs Automotive Company around BAC's decision to split 200
shares into 200,000 shares.

 
We are dealing with your request under the Freedom of Information Act
2000 and we aim to send a response by 20 September 2023.
 
In some case, a fee may be payable. If we decide a fee is payable, we will
send you a fee notice and we will require you to pay the fee before
proceeding with your request.
 
The Freedom of Information Act 2000 may restrict the release of some or
all of the information you have requested. We will carry out an assessment
and if any exemptions apply to some or all of the information then we
might not provide that information to you. We will inform you if this is
the case and advise you of your rights to request an internal review and
to complain to the Information Commissioner's Office.
 
We will also advise you if we cannot provide you with the information
requested for any other reason together with the reason(s) why and details
of how you may appeal (if appropriate).
 
Yours sincerely 
 
Information Team
Liverpool City Council 
 
 
 
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Dear Matt O 'Donoghue.  Please see attached in relation to your Freedom of
Information Request .
 
May we take this opportunity to apologise for the delay in responding to
your request 
 
Yours Sincerely
 
Information Team
 
LIVERPOOL CITY COUNCIL DISCLAIMER
This email contains proprietary confidential information some or all of
which may be legally privileged and/or subject to the provisions of
privacy legislation. It is intended solely for the addressee.
If you are not the intended recipient, an addressing or transmission error
has misdirected this e-mail; you must not use, disclose, copy, print or
disseminate the information contained within this e-mail. Please notify
the author immediately by replying to this email.
Any views expressed in this email are those of the individual sender,
except where the sender specifically states these to be the views of
Liverpool City Council.
This email has been scanned for all viruses and all reasonable precautions
have been taken to ensure that no viruses are present. Liverpool City
Council cannot accept responsibility for any loss or damage arising from
the use of this email or attachments.