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Liverpool Echo
Liverpool Echo
Jon Robinson

Inflatable hot tub company owed over £4.5m as it collapsed into administration

Over £4.5m was owed by an inflatable hot tub firm when it entered administration, it has been revealed.

Newly-filed documents have detailed that Clever-Company owed the money to its creditors when it collapsed at the end of October. Interpath Advisory has been overseeing the administration since.

The Halton-based firm supplied inflatable hot tubs and related accessories to retailers and directly to consumers.

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The company saw increased demand for its products during the pandemic - but that demand had fallen in recent months.

In a statement issued in October, Howard Smith and Richard Harrison from Interpath Advisory said the company saw "significant pressure on cash flow" as recent investment in its cost base coincided with that sales fall.

Some 25 staff members were made redundant, with nine remaining to support the administration.

At the time, Mr Smith added: "The lockdowns of 2020 and 2021 saw a huge surge in demand for hot tubs, but unfortunately this demand has started to soften, not least in the wake of energy costs starting to rise.

"We will be providing assistance to those members of staff who have been made redundant and will also be seeking a buyer for the business and its assets.

"We advise any interested parties to contact us as soon as possible."

The new statement of affairs document shows that the likes of B&Q, Homebase and NatWest are among the firm's creditors. Others include HMRC, O2 and Funding Circle.


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