
MySpa UK, an award-winning family-run hot tub installation and servicing company, has ceased trading after 16 years in business. The firm, founded by father and son Peter and Andrew Wroot, entered liquidation following its final day of trading on December 17, 2024, marking the redundancy of all employees.
The company, which employed an average of 19 staff between 2020 and 2022, operated showrooms in Rutland, Cheshire, and Derbyshire. Its Derbyshire showroom, located on Chequers Lane in Chaddesden, offered an extensive range of hot tubs for customers to explore. All jobs have been made redundant after the liquidation process, and there is no further comment from employees.
Announcing its closure on its website, the company cited ongoing market challenges as the reason for liquidation. It stated:
“We regret to inform you that MySpa UK Ltd has made the difficult decision to cease trading and enter liquidation due to ongoing market challenges. Tuesday, 17th December 2024, is our final day of trading. We sincerely appreciate your support over the years and apologise for any inconvenience caused.”
The liquidation process will be overseen by Dean Nelson from PKF Smith Cooper, who will manage outstanding matters. Customers were advised to cancel direct debits and standing orders with their banks and were promised further updates regarding warranty assistance.
MySpa UK had expanded its operations in 2022, opening a flagship showroom in Derby after acquiring a property from a former supplier. Despite initial success, the company struggled to navigate challenging market conditions, leading to its closure.
The end of this business is a poignant reminder of the difficulties businesses continue to face in an uncertain economic climate, even for those with a longstanding legacy and loyal customer base. This underscores the severity of capitalising on distressed acquisitions as a marker of success for the coming year
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