Typhoo Tea has vowed to bounce back after an "extremely challenging" 18 months following its takeover by a private equity firm last year.
The company, which has its headquarters on the Wirral, said the deal with Zetland Capital Partners in July 2021 will help it focus on its recovery with "new vigour".
The update was provided in the firm's latest financial accounts which show its revenue totalled £54.5m for the 18 months to September 30, 2021, while its pre-tax losses were £10.4m.
