Steve Baluchi and Philip Armstrong of specialiser business advisory firm FRP were charge as Joint Administrators of Madestein ( UK ) Ltd and Fresh Willow Ltd on April 11 , 2023 .
The companies , which are based on the edge of Chichester , specialize in glasshouse - grown lettuce and herb utilize advanced hydroponic growing processes for the UK ’s major food retailers , food service caller , and wholesale markets . They are the sole provider of Curly Leaf Lettuce to a number of the UK ’s turgid supermarkets . The business occupies a freehold site with 26,829 square meters of glasshouses , adjoining storage , packing , and office adjustment , together with an blanket array of plants and machinery , which make this a extremely productive enterprise .
With over 40 age ’ of growing experience , the companies have established an excellent repute in the marketplace and a firm customer book . As a result of this succeeder , the fellowship invested substantial capital into promoting a marriage proposal to develop a young greenhouse on a greenfield site , which , unfortunately , was not successful . This investment , combine with the well - document challenges facing the UK ’s food production sector , such as rising Department of Energy toll , inflationary pressure , and labor challenges , have left the companies ineffective to meet their financial obligations , and they have entered into administration .
The Joint Administrators are retain to sell the companies and ensure continuity of provision to client while they debate all options , include the sale of the businesses , as a going business . They have learn international genuine land consultant , Savills , and specialist asset advisory caller , SIA Group , to together with handle the sales agreement . concerned party are encouraged to contact Ian Simpson at Savills or Stephen Readman at SIA Group .
Steve Baluchi say : “ Madestein is a well - established job with an excellent client book and a deservedly strong reputation in the marketplace . unluckily , despite the respectable efforts of the management team , it has not been able-bodied to navigate through the challenge facing the solid food production sector at this sentence . Our focus is now on carry on to function the business enterprise to fulfill client orders while we seek to identify new owners for the holding and job . ”
For more information : Justine MorrisSavills33 Margaret StreetLondon , W1 G 0JDTel . : +44 ( 0 ) 20 7499 8644[email protected]www.savills.co.uk
