Akula Living, which provides top quality outdoor furniture to many of the world’s luxury hotels, cruise ships and hospitality venues, has stepped up production to meet demand, after negotiating funding from Reward Finance Group.
Specialising in the contract market, the company has its own design and manufacturing facility and offices in America, Europe, the Middle East and Far East.
As well as providing bespoke furniture, Akula Living has a stock range of more than 7000 products from its collections which are available for global delivery.
Working with materials supplied by leading names such as Sunbrella, Serge Ferarri and Rehau, the furniture is designed to withstand UV, seawater, chlorinated water, extreme temperatures and stand up to the heavy usage expected in a hospitality environment.
The design and longevity of Akula Living’s furniture has resulted in contracts with leading companies such as Marriott, TUI Cruises, Waldorf Astoria Casa Marina Resort and Jumeirah Beach Hotel to name but a few.
Commenting about the funding, Reward Finance Group’s Joint Managing Director, David Jones, said, “Having met with the Akula Living’s management team, seen the quality of its furniture and analysed its impressive client list, we quickly arranged the funding to provide the additional working capital it needed to step up production to meet demand.”
Tim Appleton, Akula Living’s CEO, commented, “What impressed me about Reward Finance Group is that, unlike other lenders which have a box ticking approach, they really take time to get to know the business and identify the potential for growth and ongoing success.
Alec Walton, Akula Living’s Managing Director added, “With demand for our furniture really taking off, Reward (Finance Group) knew we needed a quick cash injection to meet the orders, and we are now looking forward to a record year for the company as we expand our global presence.”