Spafix (services) Ltd

Spafix Services Ltd, based in Waterlooville, UK, is a small, active company founded 17 years ago in 2007. With nine employees and £90,338 in assets, it operates from a virtual address—a detail worth noting as 896 companies are registered at the same location. The business is run by two directors and one owner, and currently boasts a stellar 5.0 Google rating based on 151 reviews. Spafix Services Ltd is an irregular importer, primarily dealing with optical and medical tools and devices, though its import activity has been minimal in recent years, with the last recorded import dating back to October 2016.

The company’s website, spafix.co.uk, reveals a focus on hot tub sales, servicing, and repairs. It operates as a retailer of hot tubs from brands like Dreammaker, Earth, Sundance, Vacay, and Holiday Let, and offers a range of services, including installations, spa moves, maintenance contracts, and spare parts. It also has a sister company, My Hot Tub Shop Ltd, indicating a broader focus on the hot tub market. The website emphasizes expert advice, customer feedback, and a commitment to quality service.

Financially, Spafix Services Ltd presents a concerning picture. Net assets have plummeted by a staggering 92%, dropping to just £24,000, while current assets have decreased by 74% to £90,000. Cash reserves have also taken a hit, falling 82% to £18,000. Trade debtors have shrunk significantly, suggesting improved collection practices, but increased bank borrowings by 2,400% to £29,000 raise questions about the company's liquidity. The company’s small size—meeting two of three criteria for a small business—helps it remain flexible, but the dramatic decline in equity suggests a period of financial strain. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The company's irregular import history and recent financial performance suggest that Spafix Services Ltd may be facing challenges despite its positive online reputation and established presence in the hot tub market.

Registered in England/Wales under the registration number 06422739, with a registered address at PO8 0BT, England, Waterlooville, Unit 29 Highcroft Industrial Estate, Enterprise Road.

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