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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…
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