Job losses as warehousing and logistics firm Carlton Forest calls in administrators
James Lumb and Howard Smith from Interpath Advisory were appointed as joint administrators to Carlton Forest 3PL Ltd and Green Forest Solutions LLP on 25 March 25, and to Carlton Forest Group Holdings Ltd on March 28, 2024.
Carlton Forest 3PL, based in Bawtry, South Yorkshire employed 90 people and operates over 1.2m sq ft of warehouse space across four sites with the other three in Worksop, Hellaby and Tuxhill. It is understood there have been 11 redundancies to date.
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Carlton Forest 3PL had been battling industry and wider economic headwinds, including rising costs, significant excess warehouse capacity in the market and decreasing storage rates.
Mr Lumb said: “The race to the bottom on pricing and the loss of a key customer ultimately contributed to Carlton Forest’s inability to keep trading. He added that the immediate priority was to minimise disruption to customers.