A Chesterfield-based hot tub distributor has acquired a new warehouse and office facility, which is ten times bigger than its previous facility.
Superior Wellness will relocate to a 130,000 sq ft site on Broombank Park, Chesterfield in the East Midlands, after securing £1.6 million in funding from NatWest.
The £50 million-turnover business had outgrown its existing site and was renting additional warehouse space nearby to store its products. The new facility will enable the company to bring its entire business under one roof.
Rob Carlin, managing director at Superior Wellness, said: “We’ve invested a lot in the business over the last few years and that’s reflected in the strong sales we’ve achieved.
“The new facility gives us the added space we need to operate more efficiently as we grow to hopefully become the world’s largest hot tub distributor.”
Superior Wellness sells to retailers such as Costco and Wayfair and also exports about 20 per cent of sales to customers in Europe, America and Canada. It has reported strong orders since 2019 and has doubled its workforce over the last 12 months to 60 members of staff as a result.
The deal was managed by NatWest relationship director William Islip, alongside BRM Solicitors, Mitchells Accountants and Gravitate Accountants.