Northern Ireland haulier Donnelly Transport has entered administration, with all 27 employees made redundant.
The company, which was based in Scarva and operated in the UK and Ireland, specialised in steel haulage.
The decision was taken to appoint joint administrators from RSM on 26 September.
A spokeswoman for RSM said Donnelly Transport had been unable to continue trading “due to cashflow pressures”.
She said: “All employees have been made redundant, and administrators are working with them regarding their claims.”
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Stephen Armstrong, RSM restructuring advisory director added: “It’s early days and we are working with our professional advisors to assess the company’s remaining assets with a view to maximising realisations for creditors.
“It is with regret that employees of this local business have been made redundant with immediate effect; and we are working with the redundancy payments service to support those employees who have been made redundant to process claims as quickly as possible.”
The company had a standard international licence authorising up to 17 HGVs out of three depots in Armagh, Antrim and Craigavon.
