The company which owns two parcels of the Cliftonville Lido has moved from administration to creditors’ voluntary liquidation – with a deal underway to buy the Lido sites for £700,00.
Company Stour Side Developments bought property including the Lido in 2014.
Administrators Duff & Phelps were brought in during July 2017 after concerns over business irregularities were highlighted.
Stour Side Developments was owned by Russian businessman Alexander Andreev who acquired 100% of the share capital in the company in 2010 and was appointed its sole director. In 2014, Paul Eley was appointed as its second director.
In 2014, the company (Stour Side Developments and Stour Side Investments) acquired two plots at the Lido,…
