--- title: Nethy AD Ltd (trading as Bee Leaf) approved by HMRC for VCT description: "Nethy AD Limited (trading as \"Bee Leaf\") VCT advance assurance by HMRC." image: https://www.sapphirebusinessadvisers.co.uk/hubfs/Imported_Blog_Media/Bee%20Leaf-1.jpg --- [![Sapphire Business Advisors](https://www.sapphirebusinessadvisers.co.uk/hubfs/Sapphire%20Adviser%202026%20Assets/Sapphire%20Business%20Advisors.svg)](https://www.sapphirebusinessadvisers.co.uk) [![Sapphire Business Advisors](https://www.sapphirebusinessadvisers.co.uk/hubfs/Sapphire%20Adviser%202026%20Assets/Sapphire%20Business%20Advisors.svg)](https://www.sapphirebusinessadvisers.co.uk) - [About us](https://www.sapphirebusinessadvisers.co.uk#about) - [Services](https://www.sapphirebusinessadvisers.co.uk#services) - [Why Us](https://www.sapphirebusinessadvisers.co.uk#why-us) - [Contact](https://www.sapphirebusinessadvisers.co.uk#contact) - [Pricing](https://www.sapphirebusinessadvisers.co.uk/pricing) - [Blog](https://www.sapphirebusinessadvisers.co.uk/client-success-stories) Boyd Carson ###### 14TH October 2026 ![\Nethy AD Ltd (trading as Bee Leaf) approved by HMRC for VCT\](https://www.sapphirebusinessadvisers.co.uk/hs-fs/hubfs/Imported_Blog_Media/Bee%20Leaf-1.jpg?width=671&height=460&name=Bee%20Leaf-1.jpg) ![\Nethy AD Ltd (trading as Bee Leaf) approved by HMRC for VCT\](https://www.sapphirebusinessadvisers.co.uk/hs-fs/hubfs/Imported_Blog_Media/Bee%20Leaf-1.jpg?width=671&height=460&name=Bee%20Leaf-1.jpg) # Nethy AD Ltd (trading as Bee Leaf) approved by HMRC for VCT Boyd Carson ###### 14TH October 2026 - [![](https://www.sapphirebusinessadvisers.co.uk/hubfs/twitter-black.svg)](https://www.twitter.com/share?url=https%3A%2F%2Fwww.sapphirebusinessadvisers.co.uk%2Fclient-success-stories%2Fnethy-ad-limited-trading-as-bee-leaf) - [![](https://www.sapphirebusinessadvisers.co.uk/hubfs/facebook-black.svg)](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.sapphirebusinessadvisers.co.uk%2Fclient-success-stories%2Fnethy-ad-limited-trading-as-bee-leaf) - [![](https://www.sapphirebusinessadvisers.co.uk/hubfs/linkedin-black.svg)](http://www.linkedin.com/shareArticle?mini=true&url=https://www.sapphirebusinessadvisers.co.uk/client-success-stories/nethy-ad-limited-trading-as-bee-leaf) ![Bee Leaf.jpg](https://www.sapphirebusinessadvisers.co.uk/hs-fs/hubfs/Imported_Blog_Media/Bee%20Leaf-1.jpg?width=346&height=149&name=Bee%20Leaf-1.jpg)   > "Sapphire's knowledge on the VCT advance assurance process was excellent. We achieved our VCT advance assurance first time without any questions from HMRC. I would highly recommend Sapphire to anyone applying to HMRC for a VCT. I initially rang Boyd out the blue and it’s been serendipitous; not only is he courteous, fun and friendly but his knowledge of the VCT market generally especially the regulations is excellent." Tom Naylor, Nethy AD Ltd - trading as Bee Leaf. ### Description: Nethy AD Ltd (trading as "Bee Leaf") seeks to grow herbs and leafy salads hydroponically (growing plants using mineral nutrient solutions in water without soil) in a greenhouse. The greenhouse will be powered by an anaerobic digester (providing heat and power).  Supplemental heat will be provided when required by a biomass boiler. The crops will all be located on raised benches/ gutters/ raft structures and their roots will be partially in air and in an inert medium.The Company will aim to sell the herbs and leafy salads to third party consumers such as the wholesale markets and subsequently retailers, restaurants and other consumers. The Company will co locate a small anaerobic digester to supply a greenhouse with a constant supply of cost effective heat and power enabling the produced crops to compete on price as well as quality. Sapphire successfully obtained the VCT advance assurance from HMRC. ### Sector: Herbs and leafy salads production. ### Classification: HMRC VCT advance assurance from HMRC.   [![Vasiliki-1](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/143373057/interactive-489561060578.png)](https://www.sapphirebusinessadvisers.co.uk/hs/cta/wi/redirect?encryptedPayload=AVxigLITtKGw%2F9irkK7EzLXosEXxRrKFzum60tBuUAr8ywGOgb7agFKm6EFtQhtd5Tok9Du45zslDW%2FeE9Go9XFrtHUoyOP6%2F9xsB%2B6WeWTZaJpAh8EvfSVzpLELmxPG%2BL5Y9wDJQkYvZvw%3D&webInteractiveContentId=489561060578&portalId=143373057) [Back to Summary](https://www.sapphirebusinessadvisers.co.uk/blog) × A short, no-obligation conversation about whether launching a fund is the right route for you, and what it would take. We can cover structure, timescales, cost and regulatory requirements. Nothing to prepare in advance. Boyd Carson co-founded Sapphire in 2009 and has since helped launch more than 50 UK venture funds. He is an Honorary Professor of Venture Capital, teaches on Harvard University's graduate venture capital course, and holds Sapphire's FCA compliance oversight role. ![Boyd Carson](https://www.sapphirebusinessadvisers.co.uk/hs-fs/hubfs/Images%20(Old%20Portal)/Boyd%20Carson.jpeg?width=593&height=697&name=Boyd%20Carson.jpeg) Boyd is a co-founder of Sapphire and a leading voice in the venture capital industry, recognised for his expertise in designing, launching, and managing LP/GP, property, BR and SEIS and EIS funds. Over the past three decades, Boyd has helped future investment managers turn their ideas into successful, FCA-compliant venture capital funds. His practical, educational approach has made Sapphire a trusted partner for future fund managers building new investment vehicles and for startups seeking growth capital. When he’s not advising on fund structures or making investments in investee companies, Boyd shares his knowledge as an Honorary Professor of Practice in Venture Capital and as a faculty member at Harvard University, teaching Venture Capital. Boyd Carson CONNECT ### Related Insights VCT ##### [Signal Building Services approved by HMRC for VCT](https://www.sapphirebusinessadvisers.co.uk/client-success-stories/signal-building-services-limited-vct) ## Let’s talk about what you’re working on. Whether you are preparing for a funding round, considering SEIS or EIS advance assurance, need valuation support or are looking for experienced business advice, we would be happy to start with a conversation. [SPEAK TO AN ADVISER](https://www.sapphirebusinessadvisers.co.uk/client-success-stories/nethy-ad-limited-trading-as-bee-leaf#contact-us-popup) ![SBA Logo](https://www.sapphirebusinessadvisers.co.uk/hubfs/Sapphire%20Adviser%202026%20Assets/SBA%20Logo.svg) Sapphire Business Advisers provides specialist advisory services to early-stage and growing companies, including SEIS and EIS advance assurance, valuations, consulting and non-executive director support. ## Company [About Us](https://www.sapphirebusinessadvisers.co.uk/client-success-stories/nethy-ad-limited-trading-as-bee-leaf#about) [Services](https://www.sapphirebusinessadvisers.co.uk/client-success-stories/nethy-ad-limited-trading-as-bee-leaf#services) [Contact](https://www.sapphirebusinessadvisers.co.uk/client-success-stories/nethy-ad-limited-trading-as-bee-leaf#contact) [Blog](https://www.sapphirebusinessadvisers.co.uk/client-success-stories) ## Services [SEIS & EIS Advance Assurance](https://www.sapphirebusinessadvisers.co.uk/client-success-stories/nethy-ad-limited-trading-as-bee-leaf#services) [Business Valuations](https://www.sapphirebusinessadvisers.co.uk/client-success-stories/nethy-ad-limited-trading-as-bee-leaf#services) [Business Consulting](https://www.sapphirebusinessadvisers.co.uk/client-success-stories/nethy-ad-limited-trading-as-bee-leaf#consulting) [Non-Executive Director Support](https://www.sapphirebusinessadvisers.co.uk/client-success-stories/nethy-ad-limited-trading-as-bee-leaf#non-executive) ## Contact [Email Us](mailto:boyd@sapphirecapitalpartners.co.uk?subject=Business%20Enquiry%20%E2%80%94%20Sapphire%20Business%20Advisors&body=Hi%20Boyd%2C%0A%0AI%20came%20across%20Sapphire%20Business%20Advisors%20and%20would%20like%20to%20learn%20more%20about%20your%20services.%0A%0AI%20look%20forward%20to%20hearing%20from%20you.%0A%0ABest%20regards%2C%0A%5BName%5D) [Schedule A Call](https://www.sapphirebusinessadvisers.co.uk/client-success-stories/nethy-ad-limited-trading-as-bee-leaf#contact-us-popup) ## Legal Privacy Policy Terms & Condition © 2026 Sapphire Business Advisers. 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