The new Liverpool Wall of Fame on Mathew Street has a disc for every Liverpool group that had a number one hit. It was unveiled on Wednesday March 14, 2001 by jazz singer Lita Roza. Ms. Roza had the first Liverpool hit on the charts that reached number one, "Allentown Jail." According to Spencer Leigh, representatives in the crowd included Mary McNally for John McNally who was away on tour. Mary came to the event with Beryl Marsden.

The location of the new Liverpool Wall of Fame is not immediately obvious, and you have to walk a few paces further along Mathew Street to find it in a recessed area, on the left, opposite the Cavern. The plaque commemorating the unveiling on the 14th March 2001 is on the left hand side wall of the recess. The main wall bears two sets of discs - one being the actual commemorative discs, which are quite high and therefore rather difficult to read, and the second being the key, in the form of a set of small discs in corresponding positions, and engraved with the song title, year, and artist.