Yorkshire haulier folds amid cash flow problems
An East Yorkshire haulage firm that operated 18 lorries has collapsed into administration a year and a half after it was founded.
Interpath Advisory in Leeds was appointed to handle the affairs of Sam Carmichael Logistics on 3 January after the company experienced “cashflow difficulties”.
The company traded out of an operating centre on the Melton Enterprise Park in North Ferriby since April 2021 and held a licence authorising 18 HGVs and 21 trailers.
Interpath said the company provided warehouse and distribution services across the UK.
According to vehicle operator licensing details, the company, which held a licence in the name of Carmichael International, was first granted authorisation for six lorries and nine trailers in September 2021 before it successfully applied to increase its authorisation in January last year.
However, the licence was then revoked by the traffic commissioner in November 2022.
Interpath told motortransport.co.uk that the operator experienced cashflow difficulties “as a result of temporary disruption at one of its principal customers.
“After assessing their options, the directors took the difficult decision to seek the appointment of administrators.”
It added that the majority of the firm’s 21 employees were made redundant prior to Interpath’s appointment and three more members of staff lost their jobs following its appointment.
James Clark, Interpath Advisory MD and joint administrator, said: “We will now commence an orderly wind down of the business, while seeking to realise the company’s assets.”
The office of the TC was approached for comment.
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