The 120-year-old brand could now disappear

The brand has found itself £70 million in debt and facing multiple setbacks including increased competition and a high-profile break-in.

The 120-year-old British tea brand has suffered from falling sales and widening losses.

Typhoo Tea, one of Britain’s oldest and most iconic tea brands, crashed into administration on Thursday after years of financial struggles.

The company - one of the UK's oldest tea companies - filed a notice on Wednesday that it had appointed administrators after two weeks of efforts to find creditors to pay back its debts.

The company, which is one of the UK's oldest tea companies, filed a notice on Wednesday that it had appointed administrators after two weeks of efforts to find creditors to pay back its debts

After finding itself in £70million of debt, the historic drinks business filed a notice to appoint administrators on Wednesday, according to official filings.