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.
ADVERTISEMENT
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.
ADVERTISEMENT
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.
ADVERTISEMENT
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.
Exciting new CGIs released of £500m Therme Manchester wellness resort as construction continues
Emily Sergeant
As construction continues on Manchester’s massive wellness resort, some new CGIs have now been released.
In case you need bringing up to speed, construction of the £500 million Therme Manchester wellness resort officially began last September after several years of planning, and now developers have released some exciting new CGIs – with an update on how construction is going, as a new milestone has been reached this week.
Set to open to the public in 2029, Therme Manchester will become one of the largest urban wellbeing resorts in the world.
Visitors can expect to make the most of a 10 pools – both lagoon and wave pools included – thermal bathing, multi-sensory sauna rituals, steam rooms, 18 water slides, affordably-priced luxury spa therapies, and health and fitness experiences.
Exciting new CGIs released of Therme Manchester have been released / Credit: Supplied
At the heart of Therme Manchester will be three distinct zones, each offering a different way to spend time at the resort.
Play will bring together water-based fun and attractions for families and visitors of all ages, and Restore will focus on thermal bathing and restorative experiences designed to help visitors unwind, while Relax will offer spaces for relaxation and wellbeing.
The latest CGIs showcase the design as it develops – including the resort’s extensive indoor and outdoor spaces, and its 53,000sq ft wellbeing garden.
Construction is still underway on the £500m wellness resort / Credit: Supplied
The plans also feature a new public plaza designed to strengthen connections between the resort and the Bridgewater Canal.
Professor David Russell, CEO of Therme UK, said: “We have taken the opportunity to refine the design, improve how traffic and parking are managed and create a more welcoming environment for everyone arriving at the resort.
“We are creating an even better experience for visitors while supporting more efficient and sustainable operations.”
Therme Manchester was initially touted as a £250m project that would complete in 2025, but it’s now up to £500m and is scheduled to complete it 2029.
It marks one of the most significant building developments to ever take place in the North.
Featured Image – Supplied
News
All students in England to be offered the chance to do a new Ukrainian GCSE
Emily Sergeant
All students in England are soon to be offered the chance to do a new Ukrainian GCSE.
Said to be part of the UK’s ‘enduring support’ for the Ukrainian community and continued commitment to stand with Ukraine and its people, young people in England, Wales, and Northern Ireland will now have the opportunity to study for a new Ukrainian GCSE, the Government has announced.
While the qualification will be open to all students, it marks a ‘particularly significant’ milestone for Ukrainian children and young people living in the UK.
It’s hoped that the introduction of the new GCSE will help Ukrainians to preserve a vital connection to their language, culture, and identity.
It’s also hoped that it’ll open pathways to future education and employment for all pupils.
In line with the other modern foreign language GCSEs that are currently on offer, the qualification will assess listening, speaking, reading, and writing skills, while also recognising the cultural and historical contexts that shape the Ukrainian language.
Examination board AQA will now begin the next phase of development, bringing together language and subject experts to design what will be a ‘high-quality’ qualification reflecting the richness of Ukrainian language and culture.
Education Secretary, Lucy Powell, commented: “As they build their lives here in the UK, it is right that Ukrainians and their children should have every opportunity to maintain that connection to their heritage and to be proud of who they are.
“This new qualification is available to all pupils and will give them the chance to develop their language skills and celebrate Ukraine’s rich culture and history, while also opening pathways to future study and employment and strengthening our partnership with Ukraine.
“Through that enduring partnership, we are building the lasting ties between our countries that will see the young minds of the future move forward together, and foster connections that transcend borders.”
The Ukrainian GCSE is expected to be available for first teaching from September 2028 – with first assessments taking place in 2029.
Danny Jones -
29th November 2024 
