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.
Find out more about how to find and buy distressed assets
This business presents a robust opportunity with an established client base across multiple sectors and a strong management team.
LEASEHOLD
Acquire a reputable accounting practice in the North West with decades of industry experience. The business has cultivated an impressive client profile, which includes a healthy proportion of limited companies.
A well-established accounting practice in West Sussex is now available for acquisition, presenting a unique opportunity for expansion or entry into a thriving market.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.