Sterling Suffolk Limited (08994132): administration
- Status
- Administration ended
- Administration began
- 2022-03-29
- Administrators
- Lee Anthony Green, Andrew Anderson Kelsall
- Administrators' firm
- Price Bailey
- Formerly
- GAG390 Limited
- Incorporated
- 2014-04-14
- Location
- Norwich
- Industry
- 01130 Growing of vegetables and melons, roots and tubers
Why it went into administration
- Energy costs
- Brexit
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
Sterling Suffolk Limited was established by Michael Blakenham and Stephen Wright on 16 May 2014 using a pre-incorporated shell company, GAG390 Limited. The intention was to own and operate a glasshouse that could reduce the environmental impact of tomato production in the UK.
On 23 October 2015 Jane Evans and Adam Woodcock were appointed as Board directors. Adam Woodcock is also a director of Suncrop Produce Ltd (‘Suncrop’), a company who wanted to purchase tomatoes from the site.
On 13 February 2017 Richard Lewis was appointed as a director as the person who would lead the growing operations. Richard was paid a salary via Suncrop at the time.
Administrators' statement of proposals (2022-04-13) · Companies House register