James Clark and Howard Smith from Interpath Advisory have been appointed joint administrators to Sam Carmichael Logistics Limited.
Based in North Ferriby in the East Riding of Yorkshire, the company provides warehouse and distribution services across the UK.
The company had experienced cashflow difficulties as a result of temporary disruption at one of its principal customers. After assessing their options, the directors took the decision to seek the appointment of administrators.
The majority of the firm’s 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.”
