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Typhoon goes into administration

Published: 3 May 2007

The housewares industry has reacted with shock to the news that housewares distributor Typhoon International went into administration on Friday April 27.
Administrator Singla & Co was appointed by Typhoon's debenture holders, which include Watchdale Systems, Sunhurst, Clydesdale Bank, and Lloyds Bank.

Typhoon's latest accounts, for the year to October 2005, don't disclose turnover, but reveal a steady rise in profits, with the company trading profitably in both 04/05 and 03/04.

The company employed 89 staff according to the latest accounts. Most of them have been laid off, with only a skeleton team remaining at the Chessington, Surrey, head office while discussions continue about its future.

A spokesperson said there has been considerable interest in the business, and it is expected to be sold as a going concern.

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