Typhoo Tea, a historic brand founded 120 years ago, is poised to enter administration as it grapples with declining sales, rising debts, and extensive losses. The company’s chief executive, Dave McNulty, confirmed that a court notice has been filed to seek potential solutions. Recent setbacks, including damage from trespassers and a fire at their former factory in Merseyside, further exacerbated the situation. The latest financial reports reveal a staggering increase in losses to £38 million and a drop in sales from £33.7 million to £25.3 million, prompting the appointment of accountancy firm EY for administration management.