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.
Manchester Airport is hosting a big jobs fair with more than 500 roles on offer
Emily Sergeant
Hundreds of careers are set for take-off, as Manchester Airport’s annual autumn jobs fair is returning early next month.
Manchester Airports Group (MAG), which owns and operates Manchester Airport as well as East Midlands and London Stansted Airports, is one of the largest of its kind in the UK, and this year is promoting vacancies in Hospitality, Car Parks, and Bussing at its jobs fair.
Attendees will have the opportunity to learn more about a career at the airport by speaking to employers operating on-site.
More than 500 roles will be advertised at the event, and more than 20 employers represented.
Manchester Airport is hiring! ✈️
Join us at the Wythenshawe Forum on 5th November for a huge recruitment event featuring 20+ employers and over 500 live vacancies across the airport. Whether you're starting out or looking for a fresh opportunity – this is your chance to take… pic.twitter.com/cmrlZUrBTM
Running from 10am to 2pm on Wednesday 5 November at Wythenshawe Forum, some of the other employers who will be represented at the fair include retailers and franchise operators, like Fever Tree, JD Wetherspoon, and Airport Retail Enterprises, as well as airport service providers like Dnata, Mitie, and AES – the engineering delivery partner for Ryanair.
The Airport Academy, which is run in partnership by Manchester Airport and Trafford & Stockport College Group, will also be in attendance on the day to promote its free pre-employment support programmes and fully accredited training schemes.
Jobseekers who secure a role within MAG can take advantage of a wide range of benefits during their employment.
Manchester Airport is hosting a big jobs fair next month with more than 500 roles on offer / Credit: Manchester Airport
These include discounts on public transport when travelling to work, free on-site car parking whilst working and when going on holiday, an excellent pension scheme, training programmes, retail discounts, and many more.
“We are excited to be hosting our autumn jobs fair at Wythenshawe Forum, giving people in communities surrounding the airport and beyond an opportunity to find out more about the varied career paths on offer in aviation,” commented Marcella M’Rabety, who is the Head of Social Sustainability at Manchester Airport.
“We are proud of our role in serving those communities, not just by connecting them to the places they want to fly to, but also by creating opportunities for local people and ensuring communities share in our success.”
Manchester Airport’s autumn careers fair is free for all to attend, but you’ll need to book your ticket online first here.
Featured Image – MAG
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Manchester Pride’s statement in full after performers say they’ve still not been paid
Daisy Jackson
Manchester Pride has released a statement addressing claims that some performers from this year’s festival still haven’t been paid for their work.
The charity behind the huge LGBTQ+ event has shared an update on its future amid public calls for several artists who appeared at the three-day festival to be paid.
The Manchester Pride Board of Trustees has said in a public statement that it is ‘currently in the process of determining the best way forward with our legal and financial advisers’.
Yesterday, a number of artists who appeared at this year’s celebration shared a letter that alleges they are still waiting for payment for their work at the festival, which takes place every August bank holiday weekend.
Those who have spoken out have so far included RuPaul’s Drag Race UK star Zahirah Zapanta, singer-songwriter Patrick Saint James, and actor Adam Ali.
The statement from Manchester Pride has also stressed that the welfare of its team and staff is of the utmost importance and pleaded that they be treated with ‘kindness and respect’.
“They have worked hard to deliver pride for decades and we are proud of them,” Manchester Pride wrote. “It is the board that takes responsibility for our decisions based on advice and guidance, and not our staff.”
Manchester Pride added that they aim to provide more details by Wednesday 22 October.
Their full statement is as follows: “We recognise that there has been a period of silence from us, whilst we have taken legal and financial advice. We understand the frustration this has caused and the impact this has. Our intention is to ensure that we speak with honesty, clarity, and care as we move forward.
“Manchester Pride is currently in the process of determining the best way forward with our legal and financial advisers. The aim is to provide additional communications by Wednesday 22nd October. We will provide further information to our communities and stakeholders as well. They deserve this.
“We know that moments like this can raise questions and emotions. We want to ensure that our staff, interns, artists, contractors and suppliers, who are all a part of our community, are heard and considered. The wellbeing and safety of our staff, who are all a part of the wider community is our highest priority.
“We ask that people treat our staff, from the CEO to the interns and volunteers, with kindness and respect. They have worked hard to deliver pride for decades and we are proud of them. It is the board that takes responsibility for our decisions based on advice and guidance, and not our staff.
“As part of this process, we will be reaching out to key stakeholders, partners, and media contacts in due course. Until then, we are pausing further public comment while we focus on clear and careful communication.
“Thank you to everyone who shows solidarity during this time.”