Lincolnshire family haulier Cartwright Bros (Haulage) has issued a notice to appoint adminstrators, in what is its 80th year of trading, MT has learnt.

The company has appointed solicitors Shoosmith and on 20 June filed a Notice of Appointment to appoint an administrator.

Cartwright Bros kicked off 2024 celebrating its 80th year in business The company was established in 1944 by the four Cartwright brothers - John, James, William and Keith - and is now run by second generation cousins John and Jamie Cartwright..

The haulier, which has been a member of Pall-Ex for over 20 years, employs over 100 staff and has an operating licence for 60 trucks and 80 trailers.

It is also a member of Fortec and offers storage solutions across Lincolnshire, with over 200,000sq ft of warehousing space spread across three sites.

In its most recent annual results for the year to 28 February 2023, Cartwright Bros revealed that whilst its turnover had remained steady at £11.5m (2022: £11.6m) it had made a loss of £28,082 during the year, compared to a pre-tax profit of £1.1m the previous year.

The business review to the results said the company had been affected by rising fuel prices.

It added that increased demand for commercial warehousing has seen the company’s freehold property value increase to ”unprecedented levels”, which it said helped to offset increased interest costs.

The review added: ”We consider this to be a reasonable result in what remains a challenging economy.”

Attempts to make contact with the company have yet to be successful.

A request for comment from Shoosmith has yet to receive a response.

 

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