TJ Books - Administration

TJ Books, a Cornwall-based book printing company, had its business and assets purchased out of administration by Clays Group, saving 132 jobs.

The company is located in Padstow and has a rich history dating back over 50 years. It faced headwinds caused by general economic uncertainty, compounded by an unsuccessful expansion plan following its acquisition of a competitor.

Jimmy Saunders of KR8 Advisory was appointed as administrator on 21 February. Following a successful marketing process, KR8 sold the business and assets of the company to Clays Group, an over 200-year-old market leading book production specialist which prints over 150 million books every year.

Investec Capital Solutions, Close Brothers and Lloyds Tsb Bank have registered charges against TJ Books.