Jimmy Saunders of KR8 Advisory was appointed as Administrator of TJ Books on February 21 2025. 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.
This 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.
Jimmy Saunders, Managing Director at KR8 Advisory, said: “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.”
