One of Britain’s oldest tea companies on brink of administration as shoppers swap to coffee

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ONE of Britain's oldest companies is connected the brink of medication aft falling into debt.

Typhoo Tea has filed noticed that it intends to name administrators, according to The Telegraph.

Filing a announcement of intent to name an head typically gives a concern 10 days earlier it officially goes bust, though it tin beryllium chopped shorter if needed.

During that clip it tin proceed to commercialized portion a rescue purchaser is sought.

Typhoo is utilizing the process to research rescue options, according to reports, with administrators from EY lined up.

The institution was founded successful 1903 by Birmingham grocer John Sumner and was erstwhile 1 of the UK’s best-selling beverage brands.

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