Nutriculture UK Ltd – administration

Nutriculture UK Ltd, a Skelmersdale-based hydroponics business, entered administration on 17 November, citing rising costs and lower than expected sales. Dave Acland and Simon Farr of FRP were appointed joint administrators. Prior to the administration, a sales process was conducted but was unable to secure fresh investment for the business, which was then unable to continue trading and meet its financial obligations. 45 roles were made redundant prior to the administration, while a small group of staff have been retained to assist the joint administrators. Immediately following their appointment, the joint administrators completed the sale of the company’s trademarks, stock and equipment to Rotherham-based Global Air Supplies, a designer, manufacturer and supplier of environmental control equipment. Cynergy Business Finance Limited has a registered charge against the company.