New jobs on the way as Superior Spas announces £1.6m expansion
The UK’s largest independent distributor of high-quality hot tubs and swim spas, ‘Superior Spas’, located in Chesterfield, has successfully secured £1.6m funding to complete its planned expansion, which will see the family brand relocate to specialist 20,000 sq ft premises.
The announced expansion comes as a result of continuing growth and success, which has seen the family-run company quickly become the UK’s leading name in high-end spas. In addition to helping the brand to expand its European reach and capacity, ‘Superior Spas’ is excited to announce the move will also create 30 brand new jobs for the local community.
Currently based in Brimington’s Station Road, ‘Superior Spas’ will be moving to a state-of-the-art warehouse location, which will provide the brand with comprehensive showroom, offices and parking facilities at the former GKN Stokes site, on Sheepbridge Lane in Chesterfield.
Being a family-owned business built on a foundation of family values, ‘Superior Spas’ is committed to playing an active part in supporting the local community. Reflecting this commitment, the company is thrilled to be creating 30 new local jobs as a direct result of the expansion.
Superior Spas was able to obtain financial support for the ambitious expansion, securing £750k from NatWest with the support of Relationship Director, William Islip and also a £150k loan from University of Derby’s Invest to Grow programme.
Assisted by the Sheffield City Region Growth Hub Access to Finance team, Superior Spas has also secured a £249k grant from the Sheffield City Region Business Investment Fund.
Neil MacDonald, Sheffield City Region Local Enterprise Partnership Board Member, said: “The Sheffield City Region Business Investment Fund helps businesses across the region to unlock investment to secure growth and jobs. It’s great to see Superior Spas’ expansion, which is in turn creating 30 new jobs for the region and helping to grow our economy.”
Andrew McDaid, a Partner from Mitchells Chartered Accountants who supported Superior Spas with the raising of finance, said: “Having maximised turnover from their current location, the next natural step was to secure funding for larger premises to enable Superior Spas to continue its growth strategy in Europe.
“We specialise in helping businesses grow, assisting firms of all sizes, to overcome big challenges. We are delighted to assist Superior Spas’ expansion into new premises and drive the company forward in an exciting period of growth.”
On completion the newly built warehouse will bring many benefits to the company including more efficient storage, which will dramatically reduce despatch timescales, a high-end showroom and larger offices allowing for the expansion of the workforce.
The Managing Director of ‘Superior Spas’, Robert Carlin, commented: “The move to our new premises will bring with it a range of benefits to both the company and the local community. The facility will dramatically improve our efficiency by reducing dispatch times, whilst also providing a high-end showroom and offices.
Mr Carlin continued: “With our UK and European business growing year on year, we’re happy to confirm that we’ll be needing another 30 employees to support our success. As a leader in our marketplace, we’d simply outgrown our old premises and needed more modern space to continue moving from strength to strength, both in the UK and abroad.”