TYPHOO Tea is set to enter administration after 120 years in business, in a move which would put more than 100 jobs at risk.The company filed a court notice following several years of declining sales, mounting debts and a break-in at its Wirral factory last year.Typhoo's latest filings showed it made a £38million loss last year, while sales fell by a quarter to £25.3million. It had 116 employees as of 2023.In August 2023, Typhoo suffered a further blow when trespassers broke into the company's former factory in Merseyside and occupied the site for several days.Typhoo said at the time that they caused "extensive damage" and made the site "inaccessible".The company had been trying to sell the factory, in a deal which eventually went through in June 2024.But Typhoo said the incident made up the bulk of £24million of exceptional costs that year, and that it had "materially" affected its day-to-day running.Founded in 1903, Typhoo has long been one of Britain's best-known tea brands but the decline in recent years has pushed it to the brink.Since 2021, private equity firm Zetland Capital has been its majority shareholder.It hired the former head of Burts crisps, Dave McNulty, as its new chief executive in October.Typhoo and EY declined to comment.

BYEPHOO TEA

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