London-based vertical farming technology firm Vertical Future has been listed for sale on an insolvency marketplace after posting a sharp decline in revenue and widening financial losses.
The company generated just £692,000 in turnover in 2024, down from £6.7 million the previous year, according to a report by City A.M. Pre-tax losses exceeded £10 million, prompting a strategic review and sale process.
In a statement, the company said: “Vertical Future can confirm that it has engaged advisors to explore strategic options for the business, including a potential sale. Like others in the vertical farming sector, we have faced significant headwinds in a difficult capital environment. The board continues to work hard to…