Paragon supports AR Demolition with plant finance deal

Grant Prior 3 months ago
Share

Paragon Bank has backed AR Demolition with a funding package of £865,000 to aid cashflow and enable the business to buy three new excavators and two Scania trucks.

Matthew Munro, Finance Director at AR Demolition, said: “The support from Paragon’s Construction Finance team has given us the security we needed and has provided us with fixed cashflows for the next five years or so, which will enable us to manage current capacity levels comfortably.

“Paragon’s team is great and is very knowledgeable about our industry. Having met with various funders in the three years that I have been with AR Demolition, Paragon was the first one that knew more about the assets than I do!

“We experienced a challenging period, coming off the back of a tricky year and the ongoing pandemic, yet Paragon’s Construction Finance team was able to understand and articulate our situation very quickly and put a case together based on our history, current situation and future aspirations.”

Terry Lloyd, Head of Construction Finance at Paragon, added: “I’m really pleased that we have been able to support AR Demolition through the uncertainties of the ongoing Coronavirus pandemic and provide the business with some stability entering 2021.

“Over the past year, it has been our priority to support our customers and our team’s specialist knowledge of the sector has enabled us to work closely with AR Demolition to fully tailor our support to suit the needs of the business.”

AR Demolition is a leading demolition specialist and family-run business, carrying out a wide range of projects for a variety of clients, from large-scale industrial demolition to groundworks.

Latest suppliers & buyers news

Demolition firm adopts latest comms tech from Storm

First Demolition Services invests in workforce communications and safety technology

Blu-3 launches new website

Infrastructure specialist showcases talents online
2 days ago
blu-3 (UK) Limited

AGD upgrades foundations for Antony Gormley’s ‘Iron Men’

Piling rig shores up iconic statues: Video
2 days ago
AGD Equipment Ltd

Sigmat completes historic hotel extension for ISG

LGSF specialist finishes latest high-profile job ahead of schedule
2 days ago
Sigmat

Highways marking firm WJ Group buys rival Bellstan

Latest acquisition boosts presence along M4 corridor
6 days ago
WJ Group

Premier Modular lands place on £330m framework

Major win for offsite specialist
6 days ago
Premier Modular

IDH continues expansion with new Lancashire office

Temporary and permanent works design specialist Independent Design House grows business

Construction lawyers launch their own business

Six specialists launch their own boutique construction law firm
1 week ago

Recruiter Fawkes & Reece acquires Bromak

Construction specialist acquires rival in nationwide push
3 weeks ago

Ameon starts £4.8m M&E deal on Manchester tower

Latest package win at the New Bailey district from Morgan Sindall
3 weeks ago
Ameon

Matrix Networks switching to all electric car fleet

Utility infrastructure specialist to operate as a carbon neutral business within the next decade
4 weeks ago
Matrix Networks

Vital Energi bags £7.3m mechanical package from Berkeley

Specialist working across four blocks of west London luxury scheme
1 month ago

Taziker lands HS2 jetty deal

Engineering specialist to help with viaduct work across lakes
1 month ago

Winchmore wins £2m brickwork package from Wates

Specialist lands latest deal as it ramps-up training and apprenticeships programme
1 month ago

Lonsdale lands £8m Paddington M&E deal from Mace

Specialist will help integrate tube station with Paddington Cube building
1 month ago

SES lands £6m police package from Willmott Dixon

Specialist to provide MEP services at new Humberside Police building
1 month ago

Sustainable site hoardings get even greener

Latest upgrade to EnviroHoard from Panthera
1 month ago

B&K go for Offsite Solutions bathroom pods

Modular solution on £64m build-to-rent scheme
2 months ago
Offsite Solutions

Speedy stocks-up on 130 new electric lifts

Hirer boosts zero emission fleet with 130 machines
2 months ago

EDM wins facade deal on Mayfair site

Specialist lands latest package at luxury Cauldwell scheme
2 months ago

Mannok increases 2020 earnings despite year of challenges

Building products giant set for even better 2021 after major rebrand
2 months ago

Premier Modular delivers new hospital ward in six weeks

Offsite specialist helps ease NHS pressure with rapid site work
2 months ago
Premier Modular

HE Simm lands £10m MEP deal on Whitechapel towers

Work on major package for Mount Anvil will start in October.
2 months ago

Vivalda video offers fixing advice for cladding

How to avoid common mistakes
2 months ago
Vivalda Group plc

Achilles to help rail buyers and suppliers

Service wins accreditation from Network Rail
2 months ago

Telford turns to Procore single platform solution

Residential developer brings all of its information and teams together
2 months ago

TG20:21 scaffolding software now on sale

Latest version makes compliance even simpler
2 months ago
NASC

Ameon lands £1.8m M&E deal from Dex Construction

Specialist starts this summer on eight-storey resi job in Manchester
2 months ago
Ameon

Deanestor sees demand surge with record quarter

Furniture and fitout specialist enjoys all time high orders during first quarter
2 months ago
Deanestor

Sigmat strengthens technical team

Offsite specialist announces two key appointments in sustainability and innovation drive
2 months ago
Sigmat

Firm Quick Find

Join Now

Sorry, there was a problem with the details you have entered. Please review the highlighted fields.

Sorry, this email address has already been registered.

Top searches

Contractor services