IBO / Co-Investment

JTF is a cash & carry discount wholesaler and retailer of a wide range of household and seasonal products, with annual turnover of around £75 million.  It operates from thirteen locations across the North of England and the Midlands, with the units largely situated in out of town locations. Through the strength of its supply chain, JTF is able to source products at highly competitive prices and to offer everyday products at consistently low prices and one off “bargains”.

We were delighted to co-invest with Tim Whitworth, Chairman at JTF, who is a highly successful retail entrepreneur. Tim led JTF through an exciting phase of development, enhancing its membership model and delivering an outstanding customer proposition. As well as its bargain prices, JTF is well known for its seasonal products and in-store “theatre”, with a particular specialism in fireworks.

In 2018, Tim acquired our investment in JTF as he planned a new long term strategy for the business.  This brought our nine years involved in JTF to a close and realised another strong investment return for Endless Fund II.