Typhoo Tea on brink of collapse

Typhoo Tea teeters on the brink of administration
Typhoo has reportedly appointed accountancy firm EY to handle the administration. The company's losses widened to £38m from £9.6m in the year to the end of September 2023, which
Typhoo Tea on brink of collapse, with more than 100 jobs at risk
Typhoo Tea on brink of collapse, with more than 100 jobs at risk - Tea company filed court notice to appoint administrators after years of declining sales and a costly break-in at its Merseyside factory.
Typhoo Tea on brink of administration following decline in sales and factory break-in
Typhoo Tea is on the brink of administration following a decline in sales and an increase in debt and losses. The 120-year-old brand is set to appoint administrators with chief executive Dave McNulty saying the company has filed a notice at court to provide “some breathing space to explore solutions".
Typhoo Tea on brink of collapse as 100 jobs at risk from 'extensive damage' at factory
Typhoo Tea - which has been owned by Zetland Capital Partners since 2021 - is understood to be lining up EY to oversee the process after filing a a notice of intention to appoint administrators
More than 100 jobs at risk as iconic brand Tyhoo Tea calls in administrators
Typhoo Tea is set to fall into administration, putting more than 100 jobs at risk after the company filed a court notice to appoint administrators
Typhoo Tea on the brink as Brits switch to coffee
Founded in 1903 by Birmingham grocer John Sumner, Typhoo's struggles mirror changing consumer preferences in the UK. Industry analyst Mintel projects an 8% decline in tea consumption between 2023 and 2028, as British consumers increasingly favour coffee, energy drinks, and trending beverages like bubble tea.
Typhoo Tea Appoints Administrators Amid Rescue Hopes
Typhoo Tea, a venerable name in the UK’s tea market, is urgently seeking a rescue agreement amidst serious financial challenges. The company recently filed a notice to appoint administrators from EY, a move reflecting the severe pressures that necessitate immediate resolution.
One of Britain’s oldest tea companies on brink of administration as shoppers swap to coffee
ONE of Britain’s oldest tea companies is on the brink of administration as it faces mounting losses. Typhoo Tea has filed notice that it intends to appoint administrators. The brand has been
British tea brand Typhoo on the brink of collapse as consumers 'switch to coffee'
Typhoo Tea say the are struggling amid fierce competition from other tea brands and the growing popularity of coffee.
One of UK's oldest tea companies 'on brink' after shoppers 'ditch' it
Typhoo Tea - one of the oldest tea companies in the UK - is on the brink of administration as it faces mounting losses, it has emerged this week.
Much loved tea brand on the brink of collapsing into administration
Typhoo Tea, one of Britain’s oldest tea companies, is close to going bust. The century-old troubled tea brand has filed a notice to appoint administrators after recording losses of almost £40 million last year.
One of Britain’s oldest tea companies lines up administrators
Typhoo Tea, one of Britain’s oldest tea companies, is close to falling into administration after years of setbacks including ...
Typhoo Tea 'set to appoint administrators' after Merseyside factory damage
Typhoo Tea is on the verge of appointing administrators after millions of pounds worth of damage was done to its former ...