Kinglea Plants freeholds bought

The freeholds of former Tesco and Wilkinson supplier Kinglea Plants glasshouses in Nazeing, Essex have been sold.

The company went into receivership with a multi-million pound debt on 28 April with accounting firm BDO Stoy Hayward, but could not be sold as a going concern. All 200 staff lost their jobs and the company ceased trading in June, with assets sold to garden centres.

A BDO representative said: "The two freeholds to sell were completed on 22 October. No further assets remain to be sold from the company. We can't disclose the names of the purchasers or what they intend to do with the properties."

Kinglea was on sale for £5m through Quinton Edwards. The sale included the 37ha Shottentons Farm with 3ha of glass and a range of ancillary buildings, planning consent for a further 3ha of glass and ancillary buildings and the nearby Lakeside Nursery, with 2.5ha of land, 1.4ha of glass, staff accommodation and a five-bed dwelling.

Former Kinglea managing director Stef Cuffaro suggested that Glinwell Marketing was the buyer. St Albans-based vegetable supplier Glinwell was a creditor of Kinglea.

He added that Kinglea grew 300,000 10cm poinsettia for Tesco last year, but did not know who would supply the retail giant this year.

Sources suggested that Dutch company Intergreen will supply the supermarket with poinsettia. Cuffaro added: "There is a big shortage of glass at the moment."


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