Typhoo Tea, one of the UK’s oldest tea companies, is set to appoint administrators following a decline in sales and growing debts.
It has emerged that the loss-making tea company has filed a notice to appoint administrators and is understood to be using the process to attempt a sale of the business. The move puts more than 100 jobs at risks and threatens the future of a brand that has endured for more than a century.
The Bristol-based group had been attempting a turnaround which included an overhaul of its supply chain and staff reductions. However, it suffered a setback last year after a group of trespassers caused significant disruption to its business by breaking into its site in Moreton, Merseyside.
Typhoo Tea has not been in the black since 2017
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Typhoo was launched in