Eider VF Limited - administration

Eider VF Limited, a Worcestershire-based company that develops vertical farms producing leafy greens, entered administration on 15 May, having succumbed to challenges facing the vertical farming industry, including soaring electricity prices, lower consumer demand from and high construction costs. Philip Armstrong and David Shambrook of FRP Advisory were appointed Joint Administrators, and are seeking a buyer for the business and assets. Slate Cities & Communities European Holding S.À R.L. has a registered charge against the company.