Walls went into partnership with Henson and became managing director of Tom Walls and Leslie Henson, Ltd, controlling several touring companies. In 1922 the partnership presented the farce "Tons of Money" at the Shaftesbury Theatre. It was a great popular success, running for nearly two years. Walls played a supporting role in the piece and cast Ralph Lynn in the leading part, propelling Lynn to stardom. Walls took a lease of the Aldwych Theatre, where he and Henson presented another farce, "It Pays to Advertise", which ran for nearly 600 performances. To replace the piece, Walls acquired the rights to another farce, "A Cuckoo in the Nest" by Ben Travers.