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An East Yorkshire logistics company has called in administrators.
James Clark and Howard Smith from Interpath Advisory were appointed joint administrators to Sam Carmichael Logistics Ltd on 3 January 2023.
Based in North Ferriby in the East Riding of Yorkshire, the company provides warehouse and distribution services across the UK.
The business had experienced cashflow difficulties as a result of temporary disruption at one of its principal customers. After assessing their options, the directors made the decision to appoint administrators.
The majority of the 21 employees were made redundant prior to the appointment of the joint administrators, with three further redundancies following their appointment.
James Clark, managing director at Interpath Advisory and joint administrator, said: “We will now commence an orderly wind-down of the business, while seeking to realise the company’s assets.”
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