Decision close on Monro South as sell-off generates interest

The future of horticultural supplier Monro South should be decided today (25 February). Property consultancy Edward Symmons is selling the business and its assets after the firm went into administration last month.

Edward Symmons partner Chris Buller said: "There has been reasonable interest and we've had quite a number of parties sign the non-disclosure agreement and have the sales information. We're selling parts as a going concern and parts may not sell. It will pan out this Friday when we'll know where we're going with everyone."

Buller said there was particular interest in Monro South's Binder loam company in Ongar, Essex. Fargro, in Littlehampton, West Sussex, responded to the administration of Monro South by appointing four former Monro staff.

Fargro managing director Dr Paul Sopp said: "The closure of the Monro depots has led to a substantial increase in demand from growers. We have put additional delivery vehicles on the road and are working with suppliers, including Soparco, which has appointed Fargro as its distributor, to ensure growers receive the products they require.

"We will shortly be reporting the best results in the company's 65-year history to our shareholders and we are in a strong financial and logistical position to supply the market."

Meanwhile, agronomy specialist and crop protection and amenity product distributor Agrovista UK has appointed Roger Beard from Monro South to work in the company's fruit and vegetable agronomy business.

- A report has been despatched to all known Monro South creditors. For a copy, email sarah.samuels@moorestephens.com


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