TJ Books is bought out of administration saving 130 jobs
Wed, 26 Feb 2025 | BUSINESS SALE
Over 130 jobs have been saved after Cornwall-based book printing company TJ Books was sold by administrators KR8 Advisory.
TJ Books, located in Padstow, has a heritage dating back over 50 years, establishing a reputation as a world-class book manufacturer. It makes a wide range of books from hardback, to soft bound books, catalogue and brochures.
One of its services includes self-publishing, helping writers print their books themselves, control marketing, distribution or placing into local book shops. TJ Books allocates a Business Development Manager to guide them through the whole process. This is significant considering that according to reports in the last five years, self-published e-books in the UK have grown by 68%.
Jimmy Saunders of KR8 Advisory was appointed as administrator of TJ Books on February 21. Following a successful marketing process, KR8 sold the business and assets of the company to Clays Group, securing the future of the business and 132 jobs. Suffolk-based Clays Group is a book production specialist printing over 150 million books a year.
Saunders said that the TJ Books business, like many others, faced headwinds caused by general economic uncertainty, compounded by an unsuccessful expansion plan following the company’s acquisition of a competitor.
Saunders, managing director at KR8 Advisory, added: “As the largest employer in the area, it was important to preserve the vital skills and experience of the local workforce and I am delighted that KR8 has played a part in securing the long-term future of this business.”
Last August, TJ Books bought Charlesworth’s business and assets from the company’s administrators in a pre-pack deal and TUPE’d over its 60 staff. Craig Johns and Jason Elliott of Cowgills were appointed as administrators of Wakefield-based H Charlesworth & Co Ltd – which traded as Charlesworth Press – on 8 August, just eight weeks after the business said it was merging with TJ Books to form Fortis Print Group.
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