13 years ago
Zutux Secures £950k Investment for Furniture Expansion
Zutux, a furniture manufacturer based in Trafford Park, Manchester, UK, has secured a £950,000 investment from the North West Fund for Development Capital, managed by YFM Equity Partners
The company plans to utilize the funds to expand its product range for both business and online customers
Zutux, founded in January 2010, specializes in fitted kitchen and bedroom furniture, as well as free-standing furniture items like bookshelves, desks, and multi-media storage units
The company, which employs 45 staff, will also see Sir Eric Peacock, chairman of Halo International, join its board as non-executive chairman.
ProblemManufacturing
"Small and medium businesses are struggling to find affordable, high-quality fitted furniture for their offices and homes."
Solution
"Zutux provides high-quality fitted kitchen and bedroom furniture as well as free standing furniture items at an affordable price."