Spa Net Europe Ltd

Spa Net Europe Ltd is a small, active company based in Horsham, UK, founded four years ago in 2020. With just two employees and £123,210 in assets, it operates from a virtual address – fifty-four other companies registered at the same location – and is managed by two directors and two owners. The company regularly imports and exports electrical machinery and equipment, with 4 months of import activity and 3 months of export activity recorded, the last import being November 2024 and the last export being July 2023.

The company’s website highlights its role as a supplier of spa equipment, specializing in control boxes, heat pumps, pumps, and lighting. It emphasizes PowerSmart Technology, aiming to provide energy-efficient products and innovative features for both new and existing spas. The website also mentions Australian ownership and a commitment to exceptional backup service and support. It seems like they are selling directly to consumers and also supplying to manufacturers.

Financially, Spa Net Europe Ltd is facing some challenges. Net assets have plummeted to -£8,300 – a significant downturn from the previous year’s £1,400. Cash reserves have also dropped considerably, falling 23% to £7,800. While trade debtors have increased by 65%, suggesting improved collections, creditors have also risen, and raw materials have decreased. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the sharp decline in equity is concerning. As a small company, it is exempt from an audit, so the figures are unaudited.

It’s clear that Spa Net Europe Ltd is navigating a tough financial climate. While its innovative products and commitment to customer service are strengths, the company needs to address its declining equity and manage its cash flow effectively to ensure its long-term sustainability.

Registered in England/Wales under the registration number 12632944, with a registered address at RH12 1AT, England, Horsham, West Sussex, Solo House The Courtyard, London Road.

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