Arctic Spas Ltd

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.