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Tom Morris
Home Bargains
£5.0 billion
Tom Morris
Owner
22
71
Home Bargains
Retail
£4.2bn
£454.8m (profit before tax)
1976
Liverpool, UK
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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