Smalley Hot Tub Services Ltd

Smalley Hot Tub Services Ltd, based in Spalding, UK, is a small, active company founded just four years ago. With a single employee and £56,221 in assets, it’s a solo founder operation led by a director and owner. Boasting a stellar 5.0 Google rating from 126 reviews, it’s clearly doing something right. The company’s real address is registered, and it’s a small business as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The company’s website paints a picture of a specialist retailer offering a wide range of hot tubs, swim spas, and luxury garden buildings. It's not primarily an e-commerce business, but rather a showroom and service provider. It sells Vita Spa, Reef Spas, and Niveko products, along with accessories and chemicals. It also offers repair services for hot tubs and swim spas, and even specializes in bespoke pool and patio enclosures. It’s clearly targeting a higher-end market, with a focus on quality and customer service. They also offer portable saunas and garden rooms, expanding their offerings beyond just hot tubs. They’ve even won several awards, including "International Elite 100 Independent Hot Tub Repairer of the Year."

Financially, Smalley Hot Tub Services Ltd shows a mixed picture. While current assets increased by 190% to £56,000, net assets dramatically decreased by 1700%, plummeting to -£22,000. Bank borrowings have disappeared entirely, dropping 100% to zero, and cash reserves increased by 96% to £7,700. Creditors increased by 260% to £100,000, and deferred income increased to £76,000. Trade debtors increased by 400% to £38,000. The significant equity drop suggests the company may be burning through cash, possibly due to increased inventory or operating expenses. The lack of employees (just one reported) keeps overhead low, but the reliance on a single person could be a vulnerability. With no auditor mentioned, the figures are unaudited, relying on director-reported data.

Overall, Smalley Hot Tub Services Ltd seems to be a well-regarded local business with a strong reputation. However, the financial data reveals a challenging situation, possibly typical for a small business experiencing rapid growth. The company's ability to manage its increased debt and maintain profitability will be key to its long-term success.

Registered in England/Wales under the registration number 13017111, with a registered address at PE11 3YP, England, Spalding, Lincolnshire, Unit 6 Flaxmill Lane, Pinchbeck.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.