Paragon Bank is enabling three Leicestershire-based sisters to follow in the footsteps of their father by providing funding to establish their plant hire business, FinniGroup Ltd. Paragon has built a long-standing relationship with Paul Finnegan, owner of Leicester-based plant hire firm, Joinpoint Ltd. After years of supporting Paul to finance dump trucks, Paragon has now […]
The national firm of surveyors Naismiths has significantly ramped up its offering to asset-based lenders with the appointment of Terry Burke as a senior business development manager. Mr Burke, who was formerly a head of sales at Bibby Financial Services, has more than three decades of experience in asset-based lending – and will now play […]
A taskforce featuring some of the UK’s top property experts has been launched to help the West Midlands accelerate the construction of low carbon, energy efficient homes. The Zero Carbon Homes Taskforce has been set up by the West Midlands Combined Authority (WMCA) to support the region’s fight against climate change, making sure all new […]
J A Ball Ltd, a family owned building contractor based in the East Midlands has entered administration. The company officially ceased trading on Friday 25th September with 18 employees being made redundant. Recognised as one of the region’s most efficient turn-key contractors, the Leicestershire based company, worked directly with private developers, public sector organisations and […]
House builders north of the border are calling on the Scottish government to step up new builds to 25,000 a year and to include more private homes. Homes for Scotland, HfS, the country’s housebuilding trade body, is unhappy that the government’s current targets are predominantly for social rent. Chief executive Nicola Barclay wants the government […]
Small and medium sized businesses in the West Midlands can find out more about the thousands of HS2 contracts on offer at an online regional summit next month. An estimated 400,000 supply chain contracts are expected to be up for grabs during construction of the high speed rail line between London and Birmingham covering a […]
For a construction business, purchasing plant equipment is one of the most expensive things to do. While it’s often possible to get equipment financing, it can still be costly and come with a certain amount of risk. The alternative is to rent the plant equipment needed and skip purchasing it outright. But is it more […]
Traditionally looked down on as a cheap post-war housing solution, pre-fabs could account for up to a quarter of all new homes, according to a new policy paper. The report Build Homes, Build Jobs, Build Innovation proposes a fast-track investment to construct 75,000 modular homes off-site a year by 2030. The paper is co-authored by […]
Paragon Bank has provided a £300,000 Coronavirus Business Interruption Loan (CBILS) to the UK’s largest provider of sliding sash windows, Victorian House Sales Ltd. The loan has enabled Victorian House Sales Ltd to recover from cash flow issues, which arose from having to shut down all business for several weeks during the pandemic. The loan […]
The total value of construction contract awards in August 2020 was £4.4 billion based on a three-month rolling average. This is 21.2% higher than for July but is a decline of 8.5% compared with August 2019. The rolling three-month average data is positive, but examination of the raw monthly data shows that contract awards in […]
