Sunday, February 28, 2021
  • ABOUT US
  • WEBMAIL
  • GENSOCIAL
Genesis Radio Birmingham
  • HOME
  • NEWS
    • ALTERNATIVE NEWSNEW
    • ENTERTAINMENT NEWS
    • FOOD NEWS
    • HEALTH NEWS
    • MOVIE TRAILERS
    • LOCAL NEWS
    • MUSIC NEWS
  • WHATS ON
  • GENSOCIAL
  • GENESISTV
  • BEATZCLOUD
No Result
View All Result
Genesis Radio Birmingham
  • HOME
  • NEWS
    • ALTERNATIVE NEWSNEW
    • ENTERTAINMENT NEWS
    • FOOD NEWS
    • HEALTH NEWS
    • MOVIE TRAILERS
    • LOCAL NEWS
    • MUSIC NEWS
  • WHATS ON
  • GENSOCIAL
  • GENESISTV
  • BEATZCLOUD
No Result
View All Result
Genesis Radio Birmingham
No Result
View All Result
Home Local News

Discount retailer JTF to open 40 new stores, create 1,400-plus jobs and float on the stock market

Genesis Radio by Genesis Radio
11 November 2020
in Local News
0 0
0
Discount retailer JTF to open 40 new stores, create 1,400-plus jobs and float on the stock market
9
VIEWS
Share on Facebook



Discount retailer JTF wants to open 40 new stores and create more than 1,400 new jobs – and float on the stock market in a little over three years time.

You might also like

£3m funding to kickstart creation of Birmingham creative hub

Number of FTSE 100 female directors on the rise but more work to do, concludes report

Brexit challenges threaten to slow manufacturing’s come back in West Midlands – report

The Nottinghamshire-based JTF Mega Discount Warehouses has launched a crowdfunding campaign to help fund its ambitions, and give investors a chance to own a stake in the company prior to it going public.

The “no-frills” chain currently has 12 UK stores as well as a website offering members everything from homewares to food, kitchen products, electrical goods, decorations and garden furniture.

Based in Tuxford, Notts, it started out 40 years ago as a “one-man-band” selling watches out of a barber shop.

Today it employs 500 people and has stores across the Midlands and north, including Leeds, Warrington, Preston, Stoke-on-Trent, Tamworth, Hucknall, Lincoln and Newcastle.

A spokesman for the company said that by the time it floats it is forecast to have net assets of £50 million.

According to Companies House documents, parent company JTF Wholesale Ltd had a turnover of £64.4 million in the year to March, 2019, but made a pre-tax loss of £2.66 million.

Company director Jeremy Coombes said: “During a time when many business have sadly struggled, JTF has continued to grow from strength to strength, offering fantastic deals for our customers, serving local communities safely and securely, and providing an environment that our staff love coming to each day.

“Over the next five years we plan to open 40 new JTF stores, creating 1,400 new jobs, with the aim of floating the company in 2024.”

Investment opportunities start at £50 for “silver-level” investors, rising to a minimum £200 investment at “gold-level”, £750 at “platinum-level” and a minimum £2,500 for “VIP investors”.

All investments will be split – with 95 per cent serving as a loan which will yield a projected 6 per cent interest per year, with the remaining 5 per cent invested in shares, at 25p per share.

Investors will also earn rewards in store and online.

Mr Coombes said “We’re thrilled to be launching our crowdfunding campaign and our range of investment options.

“Here at JTF, we’ve got ambitious plans for growth and expansion over the next five years, and it fills us with excitement to be able to offer investors the opportunity to join the JTF family on this journey, own their very own stake in a thriving business, and enjoy some fantastic perks to boot.”

He added: “We believe now is a fantastic time to become a part of JTF’s exciting future.”



Source link

Previous Post

Two decades later and still Serious

Next Post

Get Ready for Jaws in Space

Genesis Radio

Genesis Radio

Related Posts

£3m funding to kickstart creation of Birmingham creative hub
Local News

£3m funding to kickstart creation of Birmingham creative hub

by Genesis Radio
28 February 2021
Number of FTSE 100 female directors on the rise but more work to do, concludes report
Local News

Number of FTSE 100 female directors on the rise but more work to do, concludes report

by Genesis Radio
28 February 2021
Brexit challenges threaten to slow manufacturing’s come back in West Midlands – report
Local News

Brexit challenges threaten to slow manufacturing’s come back in West Midlands – report

by Genesis Radio
28 February 2021
Financial consultancy giant Duff & Phelps rebrands to Kroll
Local News

Financial consultancy giant Duff & Phelps rebrands to Kroll

by Genesis Radio
28 February 2021
Budget 2021: What West Midlands business leaders want to hear from the Chancellor
Local News

Budget 2021: What West Midlands business leaders want to hear from the Chancellor

by Genesis Radio
27 February 2021
Next Post
Get Ready for Jaws in Space

Get Ready for Jaws in Space

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Genesis Radio Birmingham

Premier Music & Media Limited
27 Old Gloucester Street
London
WC1N 3AX

Company

  • About Us
  • Advertise
  • Contact Us
  • Join Our Team
  • Privacy Policy
  • Terms & Conditions

Recent News

£3m funding to kickstart creation of Birmingham creative hub

£3m funding to kickstart creation of Birmingham creative hub

28 February 2021
Number of FTSE 100 female directors on the rise but more work to do, concludes report

Number of FTSE 100 female directors on the rise but more work to do, concludes report

28 February 2021

GenesisRadioBirmingham.com is a trademark of Premier Music & Media Ltd. © 2021

No Result
View All Result
  • HOME
  • NEWS
    • ALTERNATIVE NEWS
    • ENTERTAINMENT NEWS
    • FOOD NEWS
    • HEALTH NEWS
    • MOVIE TRAILERS
    • LOCAL NEWS
    • MUSIC NEWS
  • WHATS ON
  • GENSOCIAL
  • GENESISTV
  • BEATZCLOUD

GenesisRadioBirmingham.com is a trademark of Premier Music & Media Ltd. © 2021

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.