Summary
Peel Retail and Leisure Group's accounts, filed at Companies House, show turnover fell 18.1% to £46.8m and pre-tax profits collapsed to £1.387m from £38.954m in 2025. The decline was driven by a substantial transfer of investment property out of the group, which reduced gross rental income from £47.5m to £38.7m. Cash balances fell from £27.972m to £12.841m.
Trafford Palazzo, the group's retail destination in Greater Manchester, performed strongly with footfall rising 12% to six million visitors. The centre secured lettings from Everlast Gym (24,000 sq ft facility opened March 2026) and P Louise (new restaurant concept), while SuperParks, an international trampoline park operator, exchanged contracts on a 30,000 sq ft unit with a targeted December 2026 opening. The Trafford Palazzo valuation increased to £68m from £62.5m.
The retail parks portfolio achieved full occupancy with passing rent of £19.3m, while valuations rose to £327m. Gloucester Quays delivered sales of £53.8m with footfall of 5.1 million, and a five-year masterplan is under way to reposition Quayside in Salford as a leisure hub, with footfall stable at 4.2 million visitors.
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Common questions
- What is this article about?
- Manchester-based Peel Retail and Leisure Group saw turnover drop from £57.2m to £46.8m in the year to March 2026, with pre-tax profits plummeting from £38.9m to £1.4m following a substantial transfer of investment property out of the group. Trafford Palazzo bucked the trend with footfall up 12% to six million visitors and major new tenants including Everlast Gym and P Louise.
- When was this published?
- This article was published on 1 October 2026.
- Who published this article?
- This article was published by TheBusinessDesk.