Home Bargains boss pays himself £1m

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home bargains boss

Home Bargains boss Tom Morris has paid himself £1 million after a surge in sales and profits.

The Liverpool-based discount retailer stocks up to 4000 branded product lines and employs more than 17,000 staff.

Trading under parent company TJ Morris, it was founded as a market stall in 1976 by Morris and now trades from over 500 stores around the country.

TJ Morris is also the biggest employer in Merseyside and Morris himself retains a stake of more than three quarters in the company.

Its latest annual figures filed at Companies House indicate that sales increased 14 per cent to £2.1 billion while profits rose 20 per cent to £203 million.

The retailer said that in the long term, it was planned to expand to as many as 1000 shops.

Morris runs TJ Morris with his younger brother Joe and it’s thought that his family’s wealth is estimated to be around £3.5 billion.

The Companies House accounts also shows that Home Bargains gave its highest-paid director, believed to be Tom, £1 million.

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