News

Manchester company set to rescue beloved tea brand Typhoo from administration

A Greater Manchester PLC has the chance to be the hero.

Danny Jones Danny Jones - 29th November 2024

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.

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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.

Fingers crossed.

For all the latest news, events and goings on in Greater Manchester, subscribe to The Manc newsletter HERE.

Featured Image — Amazon UK

News

English rugby legend Lewis Moody reveals MND diagnosis

Danny Jones Danny Jones Lewis Moody diagnosed with MND

Much-loved English rugby legend Lewis Moody has revealed his heartbreaking MND (motor neuron disease) diagnosis.

The Leicester Tigers and Bath icon, who was captain of the Rugby World Cup-winning England squad back in 2003, unfortunately announced to the world that he is now suffering from MND, also known as ALS (Amyotrophic Lateral Sclerosis).

Moody, 47, is just the latest well-known rugby player to have developed the progressive neurological disorder, with both former players and others being forced to retire due to the condition.

The Ascot-born rugby union veteran has admitted that the news has come as a ‘sudden shock’ to him and his family, but has been left moved by the overwhelming wave of positivity he has received since making the health update public.

Sharing a lengthy message online, Moody wrote: “I’m writing to share some tough news. I have recently been diagnosed with ALS, also known as Motor Neurone Disease (MND). This has been incredibly hard to process and a huge shock to me and my family.

“I feel fit and well in myself, and I’m focused on staying positive, living life and dealing with the changes / will experience as they come.

“I am being well supported by my family, friends and medical professionals, and I’m truly grateful to those who, in their time, helped progress research to support others, like me, living with this disease.”

Notable ex-pros who have sadly passed away from the disease in recent years include Doddie Weir and, of course, Rob Burrow MBE.

There is currently no known cure for MND at present, but as Burrow’s best mate and inspirational teammate, Kevin Sinfield has famously, the belief is that this is because it remains “underfunded” and a breakthrough could still be found.

Speaking to BBC Sport with his long-term partner on Monday, 6 October, ‘Mad Dog Moody’ gave a very open and honest interview about the last few weeks, going from noticing some weakness in his shoulder at the gym to having now been given the tragic diagnosis.

Lewis’ statement continues: “Since retiring from the sport I love, and alongside my wife Annie, I’ve been able to dedicate much of the past 12 years to fundraising for The Lewis Moody Foundation in support of those affected by brain tumours.

“My plan is to continue with this, but to also create an opportunity to support a charity closer to my current situation. I would be so grateful for your help with this and look forward to sharing more, once l am clear on what this looks like.

“For now, please know I feel your love and support; all l ask is that I am given some space to navigate this with my wife and sons, and those closest to us – but without doubt, I will continue to embrace life and grasp opportunities in the same way I always have.

Take Care, Lewis Moody.”

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Sharing a post of their own on social media this morning, the Red Roses wrote: “Everyone at England Rugby is saddened to learn that former captain Lewis Moody has been diagnosed with Motor Neurone Disease (MND).

“All of our thoughts are with Lewis, his family and friends as they come to terms with this diagnosis. We will be offering both practical and emotional support, and know the entire rugby community will stand with them at this incredibly difficult time.

“We encourage people to show their support through the fundraising initiatives now being set up and available through GoFundMe.”

Sending our strength and support to Lewis Moody, as well as his family, friends and fans; you can donate to his fundraiser down below.

For all the latest news, events and goings on in Greater Manchester, subscribe to The Manc newsletter HERE.

Featured Images — Lewis Moody (via Instagram)/Land Rover MENA (via Flickr)

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Police granted extra time to question four people arrested over Manchester synagogue terror attack

Emily Sergeant Emily Sergeant GMP synagogue attack

Extra time has been given to police to continue questioning the four people arrested over the terror attack at a synagogue in Crumpsall.

The shocking knife and car attack, which took place last Thursday 2 October on Yom Kippur, the holiest day in the Jewish calendar at the the Heaton Park Hebrew Congregation Synagogue, saw two men sadly lose their lives – Adrian Daulby, 53, who is believed to have been shot dead by police while trying to stop the attacker from entering the synagogue, and Melvin Cravitz, 66, a worshipper who also helped stop the attacker.

The attacker has been named as 35-year-old Jihad al Shamie – a 35-year-old British citizen of Syrian descent who lived in Prestwich – who at the time was on bail for an alleged rape, before being shot by police.

Three other men also still remain in hospital at this time.

The ongoing investigation is being led by Counter Terrorism Policing North West (CTPNW), supported by resources from across the national Counter Terrorism Policing (CTP) network and Greater Manchester Police (GMP).

Police say ‘significant resources’ from across CTP have been ‘mobilised’ in order to establish the full picture into what happened.

This past Friday, the head of counter-terrorism policing, Laurence Taylor, gave an update on the investigation declaring that a ‘suspicious device’ attached to al Shamie’s torso was fake, and that police believed he ‘may have been influenced by extreme Islamist ideology’.

With the investigation said to be ‘continuing at pace’, GMP has now been given extra time to question four individuals currently in police custody.

The warrants relate to – which relate to two men, aged 30 and 32, and two women, aged 46 and 61 – have ben extended after their arrests on suspicion of commission, preparation, and instigation of acts of terrorism.

This means they can remain in custody for up to a further five days from the point that warrant was granted (Saturday 4 October).

“We understand there is significant public interest in this case, and appreciate many who may have known or had previous contact with Jihad Al-Shamie will be coming to terms with the fact this horrifying attack has been perpetrated by somebody they recognise,” GMP said in a statement.

Appealing to the public, the police continued: “We would also ask people to refrain from speculation or sharing unverified information as that could potentially cause unnecessary delays in our enquiries and additional upset for all those impacted by these horrific events.

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If you have information, then please contact police via the Major Incident Public Portal which is available online here.

Featured Image – GMP

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