TG Jones Retail Holdings Limited
Registered name: TG JONES RETAIL HOLDINGS LIMITED
Part of Hay Wain Holdings Limited groupTG Jones Retail Holdings Limited made £221m revenue and £186m profit in the year to 31 Aug 2024.
TG Jones Retail Holdings Limited’s revenue grew 1% to £221m in the year to 31 Aug 2024, with £186m profit and 9,517 employees. The company is classified under “activities of head offices” and is based in Wiltshire; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Wiltshire
- Age
- 77 yrs · since 1949
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Aug 2022 | 31 Aug 2023 | 31 Aug 2024 |
|---|---|---|---|
| Disclosure | Profit & loss | Profit & loss | Profit & loss |
| Profit & loss | |||
| Revenue (turnover) | £192m | £219m | £221m |
| Cost of sales | −£187m | −£208m | −£209m |
| Gross profit | £5m | £10.9m | £12.8m |
| Operating profit | −£41.7m | −£100m | −£243m |
| Profit before tax | −£40.8m | −£97.8m | £180m |
| Profit after tax | −£35.3m | −£97.6m | £186m |
| Profit (best available) | −£35.3m | −£97.6m | £186m |
| Employees (average) | 9,389 | 10,186 | 9,517 |
| Ratios | |||
| Profit margin | −18.4% | −44.7% | 83.8% |
| Gross margin | 2.6% | 5% | 5.8% |
| Revenue per employee | £20.4k | £21.5k | £23.3k |
| Profit per employee | −£3.8k | −£9.6k | £19.5k |
| Growth (year on year) | |||
| Revenue growth | — | ▲14% | ▲1.4% |
| Headcount growth | — | ▲8.5% | ▼6.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Apr 2024 | Accounts · bulk data Apr 2024 | Accounts · bulk data Jun 2025 |
How the business works
- Profit margin
- 83.8%
- Profit ÷ revenue.
- Gross margin
- 5.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £23.3k
- Revenue ÷ average employees.
- Profit per employee
- £19.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼7%
- Now 9,517
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Hay Wain Holdings Limitedultimate parent75–100%
- Hay Wain Group Limited50–75%
- Modella Capital Limited75–100%
- Modella Capital Nominees Limited75–100%
- Modella Acquisition Co 4 Limited75–100%
- Modella Acquisition Co 5 Limited75–100%
- Modella Acquisition Co 8 Limited75–100%
- TG Jones Retail Holdings Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- TG Jones High Street Holdings LimitedFigures not disclosed
- TG Jones Promotions LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Aug 2024 (profit £186m), from the Companies House accounts bulk data published Jun 2025. Spotted an error? Request a correction.
Updated from Companies House on 20 Oct 2026