Typhoo Tea
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Typhoo Tea - overview
Established
1903
Location
Manchester, -, UK
Primary Industry
Consumer Products
About
Based in the UK, Typhoo Tea Limited specializes in producing high-quality tea products, primarily focusing on traditional black and decaffeinated teas, catering to consumers and retail partners across various markets. Typhoo Tea Limited, founded in 1903 and headquartered in Bristol, UK, is engaged in the production of tea. In November 2024, Typhoo Tea Limited filed for bankruptcy. Andrew Reardon currently serves as the CEO.
Typhoo Tea specializes in offering a range of high-quality tea products, with a focus on traditional black tea and decaffeinated options. The company is recognized for its distinctive bright golden color and robust flavor, achieved through selecting and blending premium tea leaves from renowned regions such as Kenya and Malawi. The processing method includes a systematic crush, tear, and curl technique, ensuring the signature Typhoo taste is delivered in every batch. Its products are available through major retailers like Tesco, ASDA, and Morrisons, targeting both consumers and retailers in the UK.
In the fiscal year 2023, Typhoo Tea reported a revenue of GBP 31,076,648. 90. The company operates under a retail distribution model, focusing on wholesale transactions with supermarkets and grocery chains while also engaging in direct sales to consumers. Revenue is generated through these sales channels, where retail partners purchase products at negotiated rates before selling them to consumers.
Current Investors
Abercross Holdings, Zetland Capital
Primary Industry
Consumer Products
Sub Industries
Non-Alcoholic Beverages
Website
www.typhoo.co.uk
Verticals
E-commerce, Manufacturing
Total Amount Raised
Subscriber access only
Typhoo Tea - timeline of key events
Typhoo Tea - financials
| Fiscal Year Ended | Mar 31, 2006 | Mar 31, 2007 | Mar 31, 2008 | Mar 31, 2009 | Mar 31, 2010 | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 25,500,000 | 71,300,000 | 56,700,000 | 55,700,000 | 67,500,000 | 61,191,000 | 67,773,000 | 67,724,000 | 70,660,000 | 81,785,000 | 74,142,000 | 71,077,000 | 70,208,000 | 60,871,000 | 53,146,000 | - | - | - |
| % Revenue Growth (YoY) | - | 179.6% | (20.5%) | (1.8%) | 21.2% | (9.3%) | 10.8% | (0.1%) | 4.3% | 15.7% | (9.3%) | (4.1%) | (1.2%) | (13.3%) | (12.7%) | - | - | - |
| EBITDA (USD) | 1,900,000 | 2,000,000 | 1,300,000 | 2,700,000 | 4,300,000 | 1,459,000 | 5,802,000 | 6,394,000 | 6,423,000 | 6,561,000 | 5,265,000 | 5,302,000 | (15,571,000) | (24,314,000) | (8,364,000) | - | - | - |
| Operating Income (USD) | 1,100,000 | (200,000) | (1,300,000) | 800,000 | 3,200,000 | (427,000) | 3,896,000 | 4,787,000 | 5,099,000 | 4,953,000 | 3,653,000 | 3,705,000 | (17,211,000) | (26,293,000) | (11,630,000) | - | - | - |
| Operating Margin | 4.3% | (0.3%) | (2.3%) | 1.4% | 4.7% | (0.7%) | 5.7% | 7.1% | 7.2% | 6.1% | 4.9% | 5.2% | (24.5%) | (43.2%) | (21.9%) | - | - | - |
| % EBITDA Margin | 7.5% | 2.8% | 2.3% | 4.8% | 6.4% | 2.4% | 8.6% | 9.4% | 9.1% | 8.0% | 7.1% | 7.5% | (22.2%) | (39.9%) | (15.7%) | - | - | - |
| NET Income (USD) | (1,000,000) | (6,000,000) | (10,300,000) | (5,000,000) | (2,800,000) | (7,778,000) | (2,493,000) | 249,000 | 746,000 | 795,000 | 230,000 | 165,000 | (20,035,000) | (29,921,000) | (15,867,000) | - | - | - |
| % Net Margin | (3.9%) | (8.4%) | (18.2%) | (9.0%) | (4.1%) | (12.7%) | (3.7%) | 0.4% | 1.1% | 1.0% | 0.3% | 0.2% | (28.5%) | (49.2%) | (29.9%) | - | - | - |
Typhoo Tea - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcy/Write-off | Completed | Typhoo Tea | - | ||||||||
| Buyout | Completed | Typhoo Tea | - | ||||||||
| Buyout | Completed | Typhoo Tea | - |
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Typhoo Tea - employee data
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