Arctic Spas Ltd
- Active
- Small
- 25 years
- 17 employees
- £5,157,218 (cur assets)
- 1m-15m
- Regular importer
- Regular exporter
- Real address
- 3 directors
- 1 owner
- Kidderminster
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Arctic Spas Ltd, based in Kidderminster, UK, is a small, active company founded 25 years ago. Employing 22 people, it holds £5,286,399 in assets and operates from a real address. With three directors and one owner, Martin David Russell, the company regularly imports and exports optical and medical tools and devices – 22 months of imports and 50 months of exports recorded.
The company’s website showcases luxury hot tubs and all-weather pools, emphasizing innovation and durability. It operates under the brand Arctic Spas, selling directly to consumers and offering a range of models, from the Summit to the Kodiak. The site highlights features like Spa Boy saltwater care and custom SDS hydrotherapy, and even includes a section for awards and customer testimonials. It’s clear they’ve invested in a premium brand image and a sophisticated online presence.
Financially, Arctic Spas Ltd shows some interesting trends. While current assets decreased by 7%, the company’s bank borrowings increased by a significant 69000%, reaching £400,000. Cash reserves also dipped, falling 6.2% to £3,100,000. On the positive side, creditors decreased by 54%, suggesting improved debt management. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The increase in borrowings, however, is a concern and may indicate investment in expansion or a need to manage cash flow. The company’s property plant equipment also decreased by 18%, which could be due to depreciation or asset sales. With no auditor mentioned, the financial statements are unaudited.
The decrease in average number of employees by 23% is also worth noting, suggesting a possible restructuring or slowdown in operations. Overall, Arctic Spas Ltd appears to be a well-established business with a strong brand, but the financial data reveals some potential challenges that warrant further monitoring.
Registered in England/Wales under the registration number 03974352, with a registered address at DY10 4JB, England, Kidderminster, Worcestershire, Unit 2 Hartlebury Trading Estate, Hartlebury.
WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 9 years
- 3
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 22 years
-
Resident of Canada
-
Individual
- 22 years
- 1
-
Resident of United Kingdom
-
Individual
- 25 years
- 1
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted eleven months ago.
Last news
-
Unaudited abridged accounts made up to 2024-12-31Download 7 pages pdf report
-
Confirmation statement made on 2025-04-13 with no updatesDownload 3 pages pdf report
-
Unaudited abridged accounts made up to 2023-12-31Download 7 pages pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Exporter profile by HS codes
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Export HS codes in detail
Last exported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
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