Typhoo Tea Files for Administration to Address Mounting Debt

The 121-year-old British tea brand seeks a buyer after financial struggles and declining sales.

Typhoo Tea has filed a notice to appoint administrators, hoping to find a buyer and restructure its £70 million debt.
The company, founded in 1903, has faced declining sales as UK consumers shift preferences towards coffee and energy drinks.
Recent financial reports show Typhoo's losses increased from £9.6 million to £38 million in the year ending September 2023.
A trespassing incident at Typhoo's Moreton factory caused significant damage and contributed to £24 million in exceptional costs.
Despite the challenges, Typhoo's management continues to seek solutions, aiming to protect the brand's legacy and workforce.