Posted 18th Feb 2019

Moores reports strong growth over last year

18th February 2019 - 15:40pm
kitchen, money matters, moores, furniture, mbo, private equity, buyout, kbb, kbbdaily, growth

West Yorkshire-based Moores Furniture Group has reported strong growth over the past 12 months, marking the success of the company’s first year since its management buyout, led by CEO Steve Parkin, pictured, with private equity firm Hilco Capital in November 2017.

“We’re really turning ourselves around,” said Parkin. “We’re winning back more customers, contracts and multiple industry awards. The business is going to grow this year by north of 20% again. We’ve a lot of opportunity ahead of us for the next three to five years.

“It is our objective to continue to develop enduring partnerships with our suppliers and customers and further enhance our industry leading client service proposition,” he added. “The business has been transformed. We have a strong management team, a clear focus, robust processes, new and contemporary products and a best in class customer service.”

Parkin added: “We’re growing in the public sector, the retail area, the high-rise area and we achieved over 25% growth in private development last year. We’re not purely market growth-dependent as we see market share available to win. We’ve got several key channels that we operate within and are seeing substantial business opportunities with market share to be won in each of them.”

Read more: Moores receives WPA certification for kitchen products

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