JM Wholesale Limited (10569027): administration
- Status
- In administration
- Administration began
- 2026-03-20
- Administrators
- Christopher Lewis, Christopher Newell
- Administrators' firm
- Quantuma
- Incorporated
- 2017-01-17
- Location
- Maidenhead
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Sustained trading losses
From the administrators' statement
3.1 The Director of the Company initially reached out to Quantuma’s Corporate Finance division to help market and sell the business as a going concern. Previously, the Director had initially marketed the sale of the business himself, but no sale or serious interest was forthcoming. Corporate Finance were also unable to attract any serious interest in selling the business as a going concern, and due to the Company’s current poor financial circumstances introduced the Director to Quantuma Advisory Limited (“the Firm”) to discuss further options.
3.2 The Firm initially discussed with the Director the possibility of a Pre-Pack Administration, in order to sell the business assets and TUPE over the current employees. The Firm also engaged agents John Pye & Sons Limited (“JPS”) to help value, market and sell the business. After a two week period of marketing the business, no material offers were made, leading to the decision to place the Company into Administration due to its financial position, and to protect its assets.
3.3 No Moratorium under Part A1 of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2026-05-20) · Companies House register