Typhoo Tea Enters Administration After 120 Years of Business

The historic British tea brand faces mounting debts, declining sales, and operational setbacks as administrators seek a potential buyer.

Typhoo Tea, founded in 1903, has filed for administration following years of financial struggles, including a £38 million loss in 2023.
The company’s sales dropped by nearly 26% last year, with revenues falling from £34 million in 2022 to £25 million in 2023.
A significant factory break-in in 2023 caused extensive damage, delaying the sale of the site and contributing to £24 million in exceptional costs.
Administrators from Kroll are working to secure a rescue deal, with London-listed company Supreme reportedly in advanced talks to acquire Typhoo.
Shifting consumer preferences, rising costs, and increased competition from wellness tea brands have further challenged Typhoo’s market position in recent years.