Towards the end of the 1980s, at the depths of the economic slump for Liverpool the funding dried up for the Institute and in 1987 it was sold and its management, The Florence Institute Incorporated Company, was dissolved in 1988 with the intention that the charitable work should be continued by another body. Unfortunately this never happened and through the Bona Vacantia principle title to the building eventually fell to the Duchy of Lancaster, which is the private property portfolio of the British monarch.