Typhoo Tea - Administration

Typhoo Tea, a Bristol-based tea company which was founded in 1903, has been rescued out of administration by Manchester-based Supreme, an AIM-listed retailer of vapes, batteries and vitamins.

Philip Dakin, Janet Burt and Benjamin Wiles of Kroll were appointed joint administrators of Typhoo Tea on 27 November after the company experienced significant cash flow constraints as a result of supply chain disruptions and subsequent service issues.

Supreme acquired the trade and selected assets of Typhoo Tea for £10.2 million. It’s unclear how many jobs will be saved by the rescue deal.

Secured creditor Axis Trustee Services is represented by TLT.

Karalius also has a registered charge against the company.