Superior Wellness, the world's fastest growing manufacturer of
hot tubs and swim spas, has secured a £2.3 million facility
backed by UK Export Finance (UKEF) and NatWest Bank to further
accelerate its export growth across USA, Canada, Europe, and the
Middle East.
With UKEF's backing, Superior Wellness has created 15 new jobs at
its Chesterfield headquarters, bringing its total UK workforce to
75. Moreover, the company now employs five new staff members at
its facility in South Carolina, bringing its global headcount to
over 140.
The Chesterfield-based company designs and supplies a wide range
of hot tub and wellness brands, including Platinum Spas,
AquaSolus, HEKLA saunas and Chill Tubs ice baths. Since receiving
UKEF support, Superior Wellness has rapidly expanded its presence
in North America, growing its market share in the US and opening
a new warehouse facility in South Carolina.
The UKEF-backed General Export Facility (GEF) will enable
Superior Wellness to invest further in infrastructure, scale
distribution, and support working capital all while maintaining
cashflow security.
Manuel Fantin, Export Finance Manager, Humberside, South
& East Yorkshire at UK Export Finance, said:
Our General Export Facility is designed to help companies tap
into new markets, grow sustainably and create jobs at home and
abroad. Businesses seeking to export overseas for the first time,
or expand into international markets, should get in touch with us
to see what support options could be available.
Rob Carlin, Managing Director at Superior Wellness,
said:
This facility is a key milestone in our journey to become the
world leader in wellness products. UKEF and NatWest's backing
allows us to invest in our infrastructure and deliver an even
better experience for our global partners and customers. We're
incredibly proud of the growth we've achieved - and even more
excited for what's ahead.
Simon Heighes, Trade Finance Director at NatWest
said:
NatWest are delighted to have provided vital additional working
capital to Superior Wellness in support of the company's ongoing
expansion activities. This was made possible through myself and
the Relationship Director, Paul Mosley, having a detailed
understanding of the supply chain, the associated cashflows and
with the capability to align funding needs with the appropriate
UKEF solution.
Support for businesses such as Superior Wellness represents an
example of the government's commitment to accelerating job
creation, generating opportunities and stimulating regional
growth through export-led growth.
This latest announcement follows the recent publication of
UKEF's
annual report & accounts for 2024/25. Over the last
financial year, UKEF provided a record £14.5 billion in new
financing, helping over 667 UK companies to export and grow and
supported up to 70,000 jobs
