LUXURY furniture designer maker Linley has raised £2.0 million via a share sale which it says it will use to fund expansion of the business.

The London based company’s rights issue values it at £8.0 million, with the new shares representing 25 percent of the total in issue.

The bulk were bought by Overture Investments Limited, a vehicle associated with Hong Kong based businessman David Chua.

Linley, whose customer base comprises interior designers, private clients and corporations, has three London showrooms at Belgravia, in Harrods, and at Burlington Arcade. Sales totalled £6.9 million in 2014–15.

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