Outdoor furniture manufacturer Akula Living has just secured a substantial multi-million pound investment from BGF, a growth capital investor, marking a significant milestone for the UK-based company. Established in 2009 by CEO Tim Appleton, Akula Living has made a name for itself as a provider of marine-grade outdoor furniture to some of the world’s leading hospitality and cruise operators. The company boasts international offices in key hubs like Hong Kong, Dubai, and the USA, achieving impressive revenues of £22 million for the year ending September 30, 2023.
A significant portion of their sales, approximately 95%, is attributed to overseas markets, earning the company the prestigious 2023 King’s Award for Enterprise in International Trade.
'We’ve achieved strong growth to date, but wanted to partner with an investor who could help us to supercharge our ambitions. When you combine our experience, originating from a nearly 100-year legacy of textile manufacturing, with BGF’s expertise and track record of scaling businesses, we’re a force to be reckoned with. This latest investment will not only enhance the company’s market position but also contribute significantly to the broader economy', says Tim Appleton, CEO at Akula Living.
'Akula is a fantastic company, which has demonstrated excellent growth, partnering with some of the world’s most recognisable brands in the hotel and cruise industries. We’ve been hugely impressed by Tim and the team and look forward to working together to achieve our global ambitions for the business', says Chris Boyes, Investor at BGF.
More information:
BGF
www.bgf.co.uk
Akula Living
www.akulaliving.com