The financial downfall of UK greenhouse company UK Salads Limited (UKSL) was triggered by a series of significant challenges, resulting in the company owning its creditors almost 18m when it went into administration. This is revealed by the recently published Statement of administrator’s proposal.

In December 2022, the company’s largest client rejected a substantial number of deliveries, prompting an investigation. This rejection set the stage for a cascade of issues. By February 2023, a decrease in turnover was experienced due to a lack of availability of overseas products, resulting in shortages and increased costs. Furthermore, a 20-40% hike in cost prices was attributed to earthquakes affecting overseas suppliers. Unfortunately, se…

Read the full article at: https://www.hortidaily.com/article/9623709/client-rejections-starts-cascade-of-issues-resulting-in-uk-greenhouse-bankruptcy/