TG Jones flags risk of collapse under more supplier pressure before court date
TG Jones could run out of money if a court doesn’t back its restructuring plan at a hearing at the end of June, CEO Alex Willson said. That leaves the ex-WH Smith chain at risk of collapse. “We just don’t have the cash to continue,” Willson said. The company has promised landlords half of any profit above £40 million over three years as a last-ditch bid to get them on board. TG Jones is up against an immediate deadline. Creditors have seen documents warning the retailer will run out of funding “on or around the end of June 2026” unless a court approves its restructuring, putting the legal process as the key hurdle to avoiding administration.
