The company behind a Nottingham retail park has gone into liquidation. Cedar House Investments Limited, which is listed as the owner of the Eastpoint Retail Park on Daleside Road, appointed a liquidator in February this year.
A declaration of solvency was issued on February 16, in which Peter Gadsby, the sole director of Cedar House Investments limited, declared that "this company will be able to pay its debts in full together with interest at its official rate within a period of 12 months, from the commencement of the winding up". The company's address was previously registered in Derby but been changed to an FRP Advisory centre in Leicester.
The company is listed as the owner of the Eastpoint Retail Park, home to Costa Coffee, Aldi and a Smyths toy store. A super-sized Poundland selling everything from clothing to food and toys to DIY was also officially opened at the retail park, located between Sneinton and Colwick, earlier this year.
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The retail park is located off the A612, near Nottingham Racecourse. East Midlands Chamber chief executive Scott Knowles said the major brands at the retail park "attract both residents and visitors from outside the city".
He added: "Eastpoint Retail Park is an important part of Nottingham’s economy, offering a diverse mix of major brands that help to attract both residents and visitors from outside the city. Its close proximity to a number of residential areas, including the emerging Trent Basin development, and arterial routes should mean it is an attractive proposition to investors.”
In its latest accounts posted on the Companies House website, in the year to December 31, 2020, Cedar House Investments Limited posted profits, after tax, of £24,502 - significantly down from the £1,859,782 posted in 2019.
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