Lisburn-headquartered luxury window coverings specialist Mzuri Group is positioned for growth after reporting a resilient financial year amid targeted investment and acquisition activity. The BGF-backed business, employing around 1,400 people across Northern Ireland, the UK, Europe, and the US, designs, engineers, and supplies made-to-measure window coverings for high-end markets.

For the year ending 31 December 2024, turnover edged down from £196 million to £191 million, while EBITDA fell from £15.3 million to £11.5 million. The declines were driven by multimillion-pound investment in marketing, advertising, and product development, alongside costs from two major acquisitions: a Dubai-based business and a landmark deal securing a historic Manchester textiles firm.

Despite these pressures, Mzuri sustained strong sales, with gross profit affected primarily by inflationary challenges. Directors emphasised that the business is now well placed for growth, leveraging a clear focus on innovation, sustainability, customer service, and employee support.

Jonathan McCluggage, group CFO, noted that the results reflect deliberate strategic initiatives designed to create long-term value. He highlighted that early 2025 performance has been strong, underlining confidence in the group’s trajectory and its ability to capture new opportunities in the luxury window coverings sector.

Supported by £20 million of BGF investment, Mzuri is leveraging its international footprint and acquisitions to strengthen its market position. The group is combining operational resilience with strategic growth initiatives to deliver sustainable value, while maintaining a commitment to quality, innovation, and sustainability.

By integrating investment, acquisitions, and operational excellence, Mzuri is building a platform for long-term expansion across global markets, positioning itself to capitalise on emerging opportunities and remain a leader in premium window coverings.

Read the full article to discover how Mzuri is translating investment and acquisitions into sustainable growth and competitive advantage.