Beloved British tea brand Typhoo has unfortunately fallen into administration after 121 years but a Manchester company could be set to save it from the jaws of insolvency.
Undoubtedly one of the biggest and best-known brands in the UK, not to mention the teabag of choice for millions up and down the country, Typhoo is a household name to most and has been a mainstay in supermarkets and newsagents for longer than we’ve been alive.
Despite its long-standing reputation and catering to a market of obsessive tea drinkers who aren’t going anywhere, the brew business has proved difficult for them, with a steady decline in sales and increasing losses year on year, as well as levels of debt creeping up to a now unsustainable point.
Financial advisory firm Kroll has now been appointed to handle the administration and find a buyer for the tea business, with a Manchester-headquartered company currently believed to be the frontrunner.
Supreme PLC is London-listed but has a HQ in Manchester.The old Tyhpoo factory which closed last year.Typhoo could be pulled back from the brink of administration. (Credit: Supreme via Facebook)/Rept0n1x via Wikimedia Commons)
Typhoo has been struggling to keep a foothold in the tea markets in recent years – suffering a significant setback when its Merseyside factory on the Wirral was broken into back in August 2023 – however, they have now been given a lifeline by a company just down the road in Stretford.
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According to industry news outlet, Proactive Investors, vape and battery distributors Supreme Imports (based over in Trafford Park) are now said to be in ‘advanced talks’ to buy the tea brand and save it from going belly up after well over a century on our shelves.
The Bristol-based veterans were acquired by Zetland Capital back in 2021 which looked to have stabilised finances for a little while, but despite steadying the ship in the immediate, the last three years have seen a return to turbulent times.
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While administration should keep them afloat while a sale is secured, there is still the matter of sizeable debt to be contested with; as of September last year, Typhoo owed more than £73 million to creditors – a whole £20m more than the previous year. In contrast, Supreme recently posted pe-tax profits of £14.7m.
Meanwhile, serious dips in revenue haven’t helped, with losses of around 25% recorded in the previous financial year and the closure of the Moreton plant (which contributed to approximately £24.1m worth of “exceptional costs”) leaving them at risk of going total collapse. It isn’t the heavyweight it once was.
Not for sale in Asda or Tesco for a long time. That doesn’t help!
Conversely, with a diverse portfolio including not only vapes and batteries but lightbulbs, protein powder and bars; other e-cigarette items, the Clearly Drinks brand and even Sealions sleep gummies, Supreme are in the position to potentially rescue Typhoo, although a buyout deal is not yet finalised.
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It’s unclear what the PLC will ultimately do with the brand should the acquisition be completed but it could prove to be a big coup if they can help it recover.
More importantly, with more than 100 jobs at risk throughout the company, not to mention Tyhpoo’s heritage as a historically significant domestic brand, we would love nothing more than to see the much-loved brew-makers back on their feet and livelihoods kept intact thanks to a local brand of our own.
Kyle Walker announces retirement from international football with England at 35
Danny Jones
Former Manchester City star and England defender has announced his retirement from international football at 35 years old.
He calls it a day for his country with nearly a century of appearances.
Kyle Walker, who has won six Premier Leagues, four Carabao trophies, a pair of FA Cups and a Champions League title with Man City, made his national team debut back in 2011.
Now, nearly a full decade and a half later, he is hanging up his boots on the biggest stage, retiring as England’s most capped right back in history.
As you can see, he confirmed the news in a highlight video looking back on her best moments with the Three Lions.
Sharing a lengthy and emotional statement in the caption, the Yorkshireman wrote: “After more than a decade representing my country, I have decided to retire from international football. Playing for England has always been the biggest honour of my career and something I will always be proud of.
“Thank you to every teammate, coach, manager, the 12th man, and everyone behind the scenes who has been part of the journey. Every roar from the fans pushed the team along, and I’m looking forward to joining them to support the lads in the World Cup.”
His last appearance in an England shirt came in June against Senegal, since dropping out of manager Thomas Tuchel’s first-choice team and future plans, with both form and age no doubt being factored into that decision.
Walker added: “The memories in an England shirt will stay with me forever.”
96 caps 🧢 Five major tournaments 🏴 A #ThreeLions legend ⭐
He went on to sign off by saying, “I also want to thank my family for their support every step of the way. They have made this journey even more special, and I will always be grateful to have shared it with them.”
The Sheffield-born fullback left Manchester last year following a loan spell at AC Milan, before joining fellow Premier League side Burnley FC permanently this past July.
Meanwhile, the Clarets are staring down relegation back to the Championship; however, this step will no doubt help Walker prolong his club career, whether or not he stays in Lancashire.
Where does Walker rank among the all-time England defenders in your mind?
Featured Images — Oleg Bkhambri (via Wikimedia Commons)/England (screenshot via YouTube)
News
New proposals to transform one of Manchester’s busiest roads revealed
Emily Sergeant
New proposals which could transform one of Manchester’s busiest roads have been unveiled.
Oldham Road is one the key routes into the city centre, and sees upwards of 26,000 journeys a day via a combination of car, bike, and public transport, according to Transport for Greater Manchester (TfGM), but these new plans are set to improve journey times, safer crossings, protected cycleways, better connections, and boost sustainability.
“We know that things can be better,” TfGM said in a statement unveiling the proposals this week, adding that change is needed.
In the last five years alone, there have been 36 collisions on Oldham Road between Great Ancoats Street and Queens Road, with seven serious injuries caused as a result, which is why Council believes, with a number of targeted improvements, the road can be made better for everyone.
New proposals to transform one of Manchester’s busiest roads have been revealed / Credit: TfGM
When asked during the last consultation, hundreds of locals said what they wanted buses to come more often and be more reliable, safer places to cross the road, wider pavements for walking, and better-protected cycle lanes.
As part of the unveiled plans – which are currently out for consultation too – TfGM and the Council is proposing adding more bus lanes so buses don’t get stuck in traffic, as well making bus stops nicer with better places to wait, and building more cycle lanes that are separate from cars.
Proposals also include changing traffic lights to help people cross the road, and fixing busy junctions so they’re easier and safer to cross.
Proposals are aiming to make the road safer, better-connected, and more sustainable / Credit: TfGM
“Improving everyday journeys is a priority, and the proposals for Oldham Road are central to this,” commented Alison Chew, who is TfGM’s Interim Director of Bus.
“Through the Bee Network, we’re creating a joined-up, safer and more affordable transport system for Greater Manchester, reducing congestion for everyone and connecting people with places and opportunities.
“These plans aim to make bus stops safer and easier to use, improve the speed and reliability of bus services, and provide better walking and cycling routes with upgraded crossings and footpaths.
“As Manchester city centre continues to grow, improving the way people can move easily around the city is a major driver for change. We know that things can be better.”
You can have your say on the proposals on the Council website here.
Danny Jones -
29th November 2024 
