• Location: West Kingsdown, Kent
• Asset: Fourth axis machining centre and credit line facility
• Paragon Deal team: Wayne Hall, Business Development Manager and Adrian Taylor, Head of Invoice Finance

Paragon’s Manufacturing Finance and Invoice Finance teams have provided Kent-based automotive parts supplier and refurbisher Brands Hatch Performance (BHP) with the support necessary to expand its operations and introduce credit line facilities to enhance services offered to its customers.

Brand Hatch Performance, based near the world-famous racing circuit, is a family-run business that provides customers with both bespoke, in-house manufacturing and credit line facilities.

Recognising the changes to the requirements of customers and the reduced reliability of supply chains brought about by the pandemic, BHP worked with Paragon’s SME Lending division to secure five-figure financing for a fourth-axis machining centre.

BHP’s new manufacturing capability has enabled them to manufacture parts to order for the growing car restoration market, improve delivery times for customers, and effectively manage and maintain stock levels.

Seeking to enhance the methods by which customers can purchase parts and services, BHP worked with Paragon’s Invoice Finance team to establish a credit line facility for customers and provide them with greater choice overpayments.

Wayne Hall, Paragon Business Development Manager for the Manufacturing team and Adrian Taylor, Paragon’s Head of Invoice Finance, led the arrangements

“We are passionate about providing our customers with the highest standard of service and products and thanks to the introduction of our manufacturing and credit line facilities we are now pleased to offer an enhanced range of services.

“The pandemic provided us with the opportunity to revaluate our operations to develop new ways of supporting our customers. As people increasingly chose to work at home on their vehicles, the need to supply them with bespoke parts to order provided us with the impetus to start manufacturing in-house so that we could better serve our growing customer base.”

She continued: “Paragon shares our vision for Brands Hatch Performance and the growth potential created by the evolving market and customer needs.  They took the time to understand our ambitions and delivered invoice and asset financing solutions that will provide customers with an enhanced service and greater choice.”

Morgan Gaskin, Brands Hatch Performance

“I’m delighted that Paragon has helped Brands Hatch Performance to increase payment options for their customers. Through providing credit line facilities, customers now have greater choice over how to acquire parts and services they need – and as SME specialists, it is fantastic to see a thriving business grow from strength to strength.”

Adrian Taylor, Paragon’s Head of Invoice Finance

“Providing SMEs with access to financing that will help them adapt and grow is at the core of what Paragon is proud to do. It has been fantastic to learn of Brands Hatch Performance’s innovative approach and work with them to boost their operations and improved an enhanced service to clients. I greatly look forward to following their success.”

Wayne Hall, Paragon Business Development Manager

Find out more about how we can support your business on our SME Lending page. To see more of what the SME team get up to, make sure you’re following their LinkedIn page here.