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Tom Morris

Home Bargains

£5.0 billion

Tom Morris

Role
Owner
Founding Age
22
Current Age
71
Education Level
Unknown
Previous Profession
Entrepreneur
Social Media Profile
LinkedIn

Home Bargains

Industry
Retail
Revenue
£4.2bn
Profit
£454.8m (profit before tax)
Founded
1976
HQ
Liverpool, UK
Website
home.bargains

Tom Morris is a British retail entrepreneur and majority owner of TJ Morris, the parent company of Home Bargains. Coming from a third-generation retail family—his father ran a shop on Scotland Road in Liverpool—Morris was one of seven children raised in a retail setting. At age 21, he opened his first store, originally called Home & Bargain, in the Old Swan district of Liverpool in 1976.

He reportedly used a bank overdraft to start the business. In 1995, the name and branding changed to Home Bargains and, under Morris’s leadership, the chain expanded rapidly across the UK, focusing on value-priced branded goods and a disciplined cost model. Home Bargains now operates hundreds of stores, employs tens of thousands of staff and plans further growth towards up to 1,000 locations.

Morris remains privately-held and largely out of the public spotlight, yet his approach—emphasising tight costs, smart buying and value for customers—has made him one of the UK’s richest entrepreneurs. While not as vocal as some business leaders, Morris’s legacy lies in transforming a local discount retailer into a national powerhouse, anchored in sustainable growth and value-retailing.

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