JM Wholesale Closes After Administration | Leicester News

JM Wholesale Limited, a Leicester-based vaping and CBD distributor, has collapsed into administration, leaving 47 employees jobless. Despite once turning over £10 million annually, the company now owes nearly £1 million — including £844k to creditors and £20k in unpaid wages — with little hope of repayment. Administrators blame a combination of factors: the disposable vape ban, Brexit shipping delays, market shifts toward refillables, and a £30k fraud. Even though they were given time to pay HMRC, it wasn’t enough. Two failed sale attempts sealed their fate. Employees may still get partial pay via government schemes, but most creditors will likely get nothing. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3bf72364b469ef32