Company filings show that Blackpool Developments Ltd has called a creditors’ meeting for Friday, May 6th for the purpose of winding the business up. Accounts for Blackpool Developments for 2020 showed it owed lenders, includingThe company did not comment when asked if its liabilities had changed since it filed those returns last year., but it is understood the State agency is no longer a creditor of the business. It did not comment on Tuesday.
Blackpool Shopping Centre was sold as part of a group of properties, dubbed Project Acorn, in 2014 to US investorThe deal cleared €96 million of Blackpool Development’s debts, but left the company with significant outstanding liabilities that its remaining cash flow could not service.
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