130 jobs safeguarded with sale of book printing firm
More than 130 jobs have been saved after administrators secured the sale of Cornwall-based book printing company TJ Books.
TJ Books, located in Padstow, has a heritage dating back over 50 years, establishing a reputation as a world-class book manufacturer.
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.
Saunders said that the 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, 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.”
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.
