Retail
TG Jones: Modella Capital portfolio is the disclosed investment owner identified in the reviewed disclosures. [1][2]
01 / Behind the name
Group ownership identified; shareholder structure not fully verified [1][2]
Modella records acquiring WHSmith’s UK high-street business in June 2025 and its rebranding as TGJones. WHSmith’s retained travel business is a separate scope. [1][2]
02 / On the map
Headquarters, incorporation and tax residence describe different things. A headquarters address does not tell you where all of a company’s tax is paid.
Follow the investment
Investor disclosures found
Selected investor disclosures have been found. Each names the held entity, basis and date; the complete investor register remains outside this review. A stake in a parent or operating company is shown against that entity. Dates refer to each disclosure and can differ from the profile review date. Evidence links are included with each record.
Held entity · TGJones high street business
Stake not disclosed
Portfolio page checked ·
Modella's portfolio confirms the completed investment. The page gives a transaction month, but no exact stake or full fund-vehicle chain.
Modella Capital · June 2025 acquisition of the former WHSmith high street operations; excludes WHSmith's travel business
Accessed 4 Oct 202603 / The figures, with context
UK cash corporation-tax research is outstanding. The UK entity scope, annual reporting period and cash amount have not been verified. Missing information does not mean £0; a group total, tax charge or franchisee payment is not substituted.
TG Jones · UK entity scope not yet verified
Annual reporting period not yet verified
The UK entities, reporting period and cash corporation-tax payment remain unverified. The cited sources concern the listing, corporate identity or ownership, rather than evidence of a UK-only cash payment. This is not a finding that no tax was paid or that the business does not disclose tax. [1][2]
These figures have different scopes. They should not be added together or used as a like-for-like tax ranking.
Understand the measures04 / Check our working
Primary sources used in this profile. Company disclosures are attributed to the company; inclusion is not an independent audit.
modellacapital.com · Corporate identity, ownership and location disclosure; see the profile for the scope and remaining gaps
Accessed 27 Sept 2026westfield.com · Corporate identity, ownership and location disclosure; see the profile for the scope and remaining gaps
Accessed 27 Sept 2026